525,210 Shares in Mitek Systems, Inc. $MITK Acquired by CSM Advisors LLC

CSM Advisors LLC purchased a new stake in Mitek Systems, Inc. (NASDAQ:MITK) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 525,210 shares of the software maker’s stock, valued at approximately $5,201,000.

Several other institutional investors also recently bought and sold shares of MITK. Pandora Wealth Inc. acquired a new stake in shares of Mitek Systems in the first quarter worth $41,000. Allianz Asset Management GmbH purchased a new stake in Mitek Systems during the 1st quarter worth $164,000. CWM LLC boosted its position in Mitek Systems by 11.6% during the 2nd quarter. CWM LLC now owns 22,696 shares of the software maker’s stock worth $225,000 after purchasing an additional 2,351 shares during the period. Petrus Trust Company LTA increased its holdings in Mitek Systems by 69.3% in the 1st quarter. Petrus Trust Company LTA now owns 26,510 shares of the software maker’s stock valued at $219,000 after purchasing an additional 10,853 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Mitek Systems in the second quarter valued at about $263,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Mitek Systems Price Performance

NASDAQ:MITK opened at $9.13 on Monday. The firm has a 50-day moving average of $9.64 and a two-hundred day moving average of $9.59. The stock has a market cap of $416.76 million, a P/E ratio of 27.67 and a beta of 1.07. Mitek Systems, Inc. has a 1-year low of $6.93 and a 1-year high of $11.78.

Mitek Systems (NASDAQ:MITK) last released its quarterly earnings results on Tuesday, June 3rd. The software maker reported $0.36 EPS for the quarter. The business had revenue of $51.93 million for the quarter. Mitek Systems had a return on equity of 17.26% and a net margin of 8.71%. As a group, equities analysts expect that Mitek Systems, Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MITK. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mitek Systems in a research report on Tuesday, October 14th. Wall Street Zen lowered Mitek Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mitek Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

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.