IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 41,568 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,954 shares of the software maker’s stock after selling 41,568 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Mitek Systems were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Mitek Systems by 335.6% during the third quarter. Barclays PLC now owns 78,209 shares of the software maker’s stock worth $679,000 after purchasing an additional 60,256 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Mitek Systems by 357.0% in the third quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker’s stock valued at $716,000 after purchasing an additional 64,509 shares in the last quarter. State Street Corp lifted its position in 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. JPMorgan Chase & Co. grew its stake in Mitek Systems by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 262,956 shares of the software maker’s stock worth $2,280,000 after buying an additional 35,301 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Mitek Systems by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 130,781 shares of the software maker’s stock worth $1,134,000 after buying an additional 2,460 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Mitek Systems Stock Up 0.5 %

MITK opened at $8.87 on Friday. Mitek Systems, Inc. has a 12 month low of $7.35 and a 12 month high of $16.24. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.73. The business’s 50-day moving average price is $9.64 and its 200-day moving average price is $9.46. The company has a market cap of $401.31 million, a P/E ratio of 98.56 and a beta of 1.08.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. On average, equities analysts expect that Mitek Systems, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MITK shares. Maxim Group upped their target price on shares of Mitek Systems from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. StockNews.com lowered Mitek Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, HC Wainwright restated a “buy” rating and issued a $13.00 target price on shares of Mitek Systems in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.88.

Insider Activity at Mitek Systems

In other news, CEO Edward H. West acquired 55,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $9.21 per share, for a total transaction of $506,550.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares of the company’s stock, valued at $506,550. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Mitek Systems 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.