Sei Investments Co. bought a new stake in Mitek Systems, Inc. (NASDAQ:MITK – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 187,481 shares of the software maker’s stock, valued at approximately $2,531,000. Sei Investments Co. owned approximately 0.42% of Mitek Systems as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Mitek Systems by 5.6% during the third quarter. Vanguard Group Inc. now owns 3,717,031 shares of the software maker’s stock worth $36,315,000 after buying an additional 198,068 shares in the last quarter. Invesco Ltd. raised its position in Mitek Systems by 0.5% in the 4th quarter. Invesco Ltd. now owns 1,919,576 shares of the software maker’s stock valued at $20,252,000 after buying an additional 10,105 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Mitek Systems by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,685,657 shares of the software maker’s stock valued at $22,756,000 after acquiring an additional 29,997 shares in the last quarter. Impax Asset Management Group plc lifted its stake in Mitek Systems by 8.4% during the 4th quarter. Impax Asset Management Group plc now owns 1,295,000 shares of the software maker’s stock valued at $13,662,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Mitek Systems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,262,658 shares of the software maker’s stock worth $13,323,000 after acquiring an additional 9,921 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Mitek Systems Trading Up 10.0%
NASDAQ MITK opened at $18.49 on Friday. The business’s fifty day moving average is $17.72 and its 200-day moving average is $15.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $835.01 million, a price-to-earnings ratio of 39.34 and a beta of 0.98. Mitek Systems, Inc. has a one year low of $8.53 and a one year high of $21.05.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Northland Securities set a $17.00 price target on shares of Mitek Systems in a research report on Wednesday, April 15th. Wall Street Zen raised shares of Mitek Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings raised shares of Mitek Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research cut shares of Mitek Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Finally, Maxim Group set a $26.00 target price on Mitek Systems in a research note on Friday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.33.
View Our Latest Stock Analysis on MITK
More Mitek Systems News
Here are the key news stories impacting Mitek Systems this week:
- Positive Sentiment: Mitek reported fiscal Q3 EPS of $0.34, up from $0.22 a year earlier and ahead of analyst estimates ranging from $0.26 to $0.28. Revenue reached $54.04 million, exceeding the approximately $50.8 million consensus forecast. Mitek Systems Q3 Earnings and Revenues Beat Estimates
- Positive Sentiment: Management projected fiscal 2026 revenue of $195 million to $200 million, above the $194.3 million analyst consensus. The outlook suggests continued demand for Mitek’s digital identity and fraud-prevention products. Mitek Systems Fiscal Q3 Earnings Snapshot
- Positive Sentiment: The earnings beat was supported by solid profitability, including a reported 8.74% net margin and 16.74% return on equity. The results and outlook provide a fundamental explanation for the stock’s increased trading activity. Mitek Systems Q3 2026 Earnings Call Transcript
- Neutral Sentiment: Fourth-quarter revenue guidance of $42 million to $47 million brackets the $44.4 million consensus estimate, indicating an outlook broadly in line with expectations. The company did not provide a specific EPS figure in the supplied guidance update. Compared to Estimates Mitek Systems Q3 Earnings Key Metrics
Insiders Place Their Bets
In other Mitek Systems news, COO Garrett Gafke sold 21,108 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $14.19, for a total value of $299,522.52. Following the transaction, the chief operating officer directly owned 244,279 shares in the company, valued at $3,466,319.01. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.
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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