Globeflex Capital L P purchased a new stake in Mitek Systems, Inc. (NASDAQ:MITK – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,902 shares of the software maker’s stock, valued at approximately $642,000. Globeflex Capital L P owned 0.07% of Mitek Systems as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of MITK. AQR Capital Management LLC grew its stake in shares of Mitek Systems by 138.3% in the first quarter. AQR Capital Management LLC now owns 111,967 shares of the software maker’s stock worth $924,000 after purchasing an additional 64,980 shares during the last quarter. Creative Planning raised its position in Mitek Systems by 87.6% during the 2nd quarter. Creative Planning now owns 30,133 shares of the software maker’s stock worth $298,000 after purchasing an additional 14,070 shares during the last quarter. Rhumbline Advisers lifted its holdings in Mitek Systems by 39.2% during the 2nd quarter. Rhumbline Advisers now owns 91,877 shares of the software maker’s stock worth $910,000 after buying an additional 25,878 shares during the period. American Century Companies Inc. lifted its holdings in Mitek Systems by 49.7% during the 2nd quarter. American Century Companies Inc. now owns 69,871 shares of the software maker’s stock worth $692,000 after buying an additional 23,212 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Mitek Systems in the 2nd quarter valued at about $153,000. Institutional investors own 83.64% of the company’s stock.
Mitek Systems Stock Performance
Shares of MITK opened at $18.02 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $15.80. Mitek Systems, Inc. has a 12 month low of $8.53 and a 12 month high of $21.05. The stock has a market capitalization of $813.06 million, a P/E ratio of 38.34 and a beta of 0.98.
Wall Street Analysts Forecast Growth
MITK has been the subject of several recent research reports. Wall Street Zen raised Mitek Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research raised Mitek Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mitek Systems in a research note on Friday, August 7th. Finally, Maxim Group set a $26.00 target price on Mitek Systems in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $19.33.
Read Our Latest Stock Report on Mitek Systems
Mitek Systems Company Profile
Mitek Systems, Inc (NASDAQ: MITK) is a software company specializing in mobile capture and digital identity verification solutions. Headquartered in San Diego, California, Mitek develops and licenses patented technology that enables organizations to securely capture, authenticate and process identity documents, checks and other physical media using smartphones and other digital devices. Its platforms leverage advanced image processing, machine learning and biometrics to streamline customer onboarding and prevent fraud in real time.
The company’s core offerings include mobile check deposit and deposit automation tools for financial institutions, as well as identity verification and authentication services for banks, fintechs, insurers and government agencies.
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