Deutsche Bank AG Acquires 17,725 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

Deutsche Bank AG increased its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 150,579 shares of the software maker’s stock after acquiring an additional 17,725 shares during the period. Deutsche Bank AG owned about 0.33% of Mitek Systems worth $1,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MITK. Quarry LP purchased a new stake in Mitek Systems in the fourth quarter worth $31,000. Canada Pension Plan Investment Board bought a new position in shares of Mitek Systems in the fourth quarter worth about $39,000. Ancora Advisors LLC bought a new position in shares of Mitek Systems in the fourth quarter worth about $67,000. Avior Wealth Management LLC increased its stake in Mitek Systems by 24.7% in the 4th quarter. Avior Wealth Management LLC now owns 8,595 shares of the software maker’s stock worth $96,000 after buying an additional 1,700 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Mitek Systems during the 4th quarter valued at about $105,000. 83.64% of the stock is owned by institutional investors.

Mitek Systems Stock Down 2.6%

NASDAQ:MITK opened at $9.45 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a market cap of $427.56 million, a PE ratio of 105.00 and a beta of 1.11. The company has a 50-day moving average of $8.51 and a 200 day moving average of $9.39. Mitek Systems, Inc. has a 1-year low of $6.93 and a 1-year high of $13.72.

Mitek Systems (NASDAQ:MITK) last posted its earnings results on Thursday, May 8th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. The company had revenue of $51.93 million for the quarter, compared to analyst estimates of $47.21 million. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that Mitek Systems, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MITK. HC Wainwright restated a “buy” rating and issued a $13.00 target price on shares of Mitek Systems in a research note on Tuesday, February 11th. Maxim Group boosted their price target on Mitek Systems from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Wall Street Zen downgraded Mitek Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mitek Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

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.