Allspring Global Investments Holdings LLC increased its position in shares of Mitek Systems, Inc. (NASDAQ:MITK – Free Report) by 169.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,525 shares of the software maker’s stock after acquiring an additional 152,543 shares during the period. Allspring Global Investments Holdings LLC owned about 0.54% of Mitek Systems worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in MITK. Tower Research Capital LLC TRC boosted its position in shares of Mitek Systems by 88.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,142 shares of the software maker’s stock worth $29,000 after acquiring an additional 1,475 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of Mitek Systems during the 4th quarter worth approximately $40,000. Quarry LP boosted its position in shares of Mitek Systems by 536.0% during the 1st quarter. Quarry LP now owns 4,738 shares of the software maker’s stock worth $45,000 after acquiring an additional 3,993 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Mitek Systems by 66.4% during the 3rd quarter. Royal Bank of Canada now owns 4,954 shares of the software maker’s stock worth $46,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Mitek Systems during the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 74.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on MITK. StockNews.com began coverage on shares of Mitek Systems in a research report on Thursday, October 5th. They set a “buy” rating on the stock. HC Wainwright restated a “buy” rating and issued a $19.00 target price on shares of Mitek Systems in a research report on Friday, September 15th.
Mitek Systems Stock Performance
Shares of Mitek Systems stock opened at $10.73 on Monday. Mitek Systems, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $13.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $489.18 million, a P/E ratio of 59.61 and a beta of 0.94. The company’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $10.61.
Mitek Systems (NASDAQ:MITK – Get Free Report) last issued its earnings results on Thursday, September 14th. The software maker reported $0.25 earnings per share for the quarter. Mitek Systems had a net margin of 4.88% and a return on equity of 19.55%. The firm had revenue of $45.31 million for the quarter. On average, equities analysts forecast that Mitek Systems, Inc. will post 0.76 earnings per share for the current fiscal year.
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.
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