Janus Henderson Group PLC Has $215,000 Stock Holdings in Mitek Systems, Inc. (NASDAQ:MITK)

Janus Henderson Group PLC lowered its position in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 73.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,362 shares of the software maker’s stock after selling 54,390 shares during the quarter. Janus Henderson Group PLC’s holdings in Mitek Systems were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MITK. SG Americas Securities LLC increased its holdings in shares of Mitek Systems by 24.8% during the fourth quarter. SG Americas Securities LLC now owns 21,325 shares of the software maker’s stock worth $237,000 after buying an additional 4,237 shares in the last quarter. Avior Wealth Management LLC grew its position in Mitek Systems by 24.7% during the 4th quarter. Avior Wealth Management LLC now owns 8,595 shares of the software maker’s stock worth $96,000 after acquiring an additional 1,700 shares during the last quarter. Lazari Capital Management Inc. acquired a new stake in Mitek Systems during the 4th quarter valued at $117,000. Kingsview Wealth Management LLC increased its holdings in Mitek Systems by 16.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 20,646 shares of the software maker’s stock valued at $230,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Mitek Systems in the 4th quarter valued at $114,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Mitek Systems Trading Down 2.6%

Shares of MITK opened at $9.45 on Monday. The stock’s fifty day simple moving average is $8.51 and its 200-day simple moving average is $9.39. The firm has a market capitalization of $427.56 million, a PE ratio of 105.00 and a beta of 1.11. Mitek Systems, Inc. has a 12-month low of $6.93 and a 12-month high of $13.72. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.73.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. The firm had revenue of $51.93 million during the quarter, compared to analysts’ expectations of $47.21 million. Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. Mitek Systems’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Mitek Systems, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MITK. HC Wainwright restated a “buy” rating and set a $13.00 target price on shares of Mitek Systems in a report on Tuesday, February 11th. Wall Street Zen lowered shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Maxim Group boosted their target price on shares of Mitek Systems from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.88.

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.