Barclays PLC Has $679,000 Stake in Mitek Systems, Inc. (NASDAQ:MITK)

Barclays PLC grew its stake in Mitek Systems, Inc. (NASDAQ:MITK) by 335.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,209 shares of the software maker’s stock after purchasing an additional 60,256 shares during the period. Barclays PLC owned about 0.17% of Mitek Systems worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MITK. Dimensional Fund Advisors LP boosted its position in Mitek Systems by 8.4% in the second 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 in the last quarter. State Street Corp grew its position in Mitek Systems by 3.8% during the 3rd quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock worth $11,326,000 after acquiring an additional 47,418 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in Mitek Systems by 259.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock worth $8,567,000 after purchasing an additional 553,379 shares in the last quarter. LSV Asset Management increased 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 purchasing an additional 2,900 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new position in Mitek Systems in the third quarter valued at about $4,068,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mitek Systems

In other news, SVP Christopher H. Briggs sold 3,320 shares of Mitek Systems stock in a transaction 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 sale, the senior vice president now owns 65,353 shares in the company, valued at $593,405.24. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael E. Diamond sold 4,544 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total transaction of $41,304.96. Following the transaction, the insider now directly owns 166,632 shares in the company, valued at approximately $1,514,684.88. This represents a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,699 shares of company stock worth $152,140 over the last quarter. Company insiders own 2.10% of the company’s stock.

Mitek Systems Price Performance

Mitek Systems stock opened at $11.13 on Thursday. The firm has a market cap of $479.60 million, a P/E ratio of -74.20 and a beta of 1.12. The stock’s 50 day moving average is $9.59 and its 200 day moving average is $9.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. Mitek Systems, Inc. has a one year low of $7.35 and a one year high of $16.24.

Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings results on Monday, December 16th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.16. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The firm had revenue of $43.22 million for the quarter, compared to the consensus estimate of $41.30 million. During the same quarter in the previous year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, research analysts expect that Mitek Systems, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

MITK has been the topic of several research reports. StockNews.com upgraded Mitek Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 25th. HC Wainwright boosted their target price on shares of Mitek Systems from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Jefferies Financial Group downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $17.00 to $9.50 in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $12.63.

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.