Mitek Systems, Inc. (NASDAQ:MITK) Stock Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 357.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,578 shares of the software maker’s stock after buying an additional 64,509 shares during the period. BNP Paribas Financial Markets owned 0.18% of Mitek Systems worth $716,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded Mitek Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. StockNews.com raised Mitek Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.13.

Mitek Systems Trading Down 2.2 %

MITK stock opened at $8.90 on Friday. 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 stock has a market capitalization of $411.22 million, a price-to-earnings ratio of -59.33 and a beta of 1.12. The business has a fifty day moving average price of $9.02 and a 200 day moving average price of $10.00. Mitek Systems, Inc. has a fifty-two week low of $7.35 and a fifty-two week high of $16.24.

Insider Buying and Selling

In other news, SVP Christopher H. Briggs sold 3,320 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total value of $30,145.60. Following the completion of the transaction, the senior vice president now directly owns 65,353 shares in the company, valued at approximately $593,405.24. The trade was a 4.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction on 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 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. Over the last three months, insiders have sold 16,699 shares of company stock worth $152,140. Insiders own 2.10% of the company’s stock.

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.