SG Americas Securities LLC Has $237,000 Stake in Mitek Systems, Inc. (NASDAQ:MITK)

SG Americas Securities LLC boosted its position in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,325 shares of the software maker’s stock after acquiring an additional 4,237 shares during the period. SG Americas Securities LLC’s holdings in Mitek Systems were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Mitek Systems by 15.5% during the third quarter. JPMorgan Chase & Co. now owns 262,956 shares of the software maker’s stock valued at $2,280,000 after acquiring an additional 35,301 shares during the period. Barclays PLC raised its holdings in shares of Mitek Systems by 335.6% in the third quarter. Barclays PLC now owns 78,209 shares of the software maker’s stock valued at $679,000 after buying an additional 60,256 shares during the last quarter. State Street Corp grew its stake in shares of Mitek Systems by 3.8% during the third quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock valued at $11,326,000 after purchasing an additional 47,418 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Mitek Systems in the 3rd quarter valued at $4,068,000. Finally, Janus Henderson Group PLC raised its holdings in Mitek Systems by 4.0% during the 3rd quarter. Janus Henderson Group PLC now owns 73,752 shares of the software maker’s stock worth $640,000 after purchasing an additional 2,806 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael E. Diamond sold 4,544 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total value of $41,304.96. Following the completion of the transaction, the insider now owns 166,632 shares in the company, valued at $1,514,684.88. This trade represents a 2.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Gray sold 6,222 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total transaction of $56,433.54. Following the completion of the sale, the insider now directly owns 164,342 shares in the company, valued at approximately $1,490,581.94. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,699 shares of company stock valued at $152,140 over the last quarter. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MITK shares. StockNews.com upgraded Mitek Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 25th. HC Wainwright upped their price target on Mitek Systems from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $12.63.

Mitek Systems Stock Performance

Shares of NASDAQ MITK opened at $10.38 on Friday. The stock has a 50 day moving average of $10.25 and a 200-day moving average of $9.68. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $469.49 million, a P/E ratio of 173.00 and a beta of 1.08. Mitek Systems, Inc. has a 12 month low of $7.35 and a 12 month high of $16.24.

Mitek Systems (NASDAQ:MITK) last released its quarterly earnings results on Monday, December 16th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.17 by $0.16. The business had revenue of $43.22 million for the quarter, compared to the consensus estimate of $41.30 million. Mitek Systems had a net margin of 1.90% and a return on equity of 16.64%. Mitek Systems’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. As a group, equities research analysts predict that Mitek Systems, Inc. will post 0.65 EPS for the current year.

Mitek Systems Company Profile

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.