Mitek Systems, Inc. (NASDAQ:MITK) Stake Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 4.0% in the 3rd quarter, Holdings Channel reports. The firm owned 73,752 shares of the software maker’s stock after purchasing an additional 2,806 shares during the quarter. Janus Henderson Group PLC’s holdings in Mitek Systems were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Mitek Systems by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,657,465 shares of the software maker’s stock valued at $18,531,000 after buying an additional 128,282 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Mitek Systems by 259.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock valued at $8,567,000 after acquiring an additional 553,379 shares during the period. LSV Asset Management grew its holdings in shares of Mitek Systems by 0.4% during the second quarter. LSV Asset Management now owns 738,799 shares of the software maker’s stock valued at $8,260,000 after purchasing an additional 2,900 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of Mitek Systems by 18.5% during the third quarter. Foundry Partners LLC now owns 347,195 shares of the software maker’s stock valued at $3,010,000 after purchasing an additional 54,235 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Mitek Systems by 251.1% during the 2nd quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock worth $3,456,000 after purchasing an additional 221,116 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mitek Systems

In related news, insider Jason Gray sold 6,222 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total value of $56,433.54. Following the completion of the sale, the insider now owns 164,342 shares of the company’s stock, valued at $1,490,581.94. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher H. Briggs sold 3,320 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total transaction of $30,145.60. Following the completion of the transaction, the senior vice president now owns 65,353 shares of the company’s stock, valued at $593,405.24. This represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is currently owned by corporate insiders.

Mitek Systems Stock Performance

Shares of MITK stock opened at $8.78 on Friday. The business has a 50 day simple moving average of $9.02 and a 200 day simple moving average of $9.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. The firm has a market capitalization of $405.64 million, a price-to-earnings ratio of -58.53 and a beta of 1.12. Mitek Systems, Inc. has a 12-month low of $7.35 and a 12-month high of $16.24.

Wall Street Analyst Weigh In

MITK has been the subject of a number of recent research reports. StockNews.com upgraded Mitek Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Jefferies Financial Group lowered shares of Mitek Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.13.

About Mitek Systems

Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.