116,242 Shares in Mitek Systems, Inc. $MITK Bought by Nuveen LLC

Nuveen LLC acquired a new position in shares of Mitek Systems, Inc. (NASDAQ:MITK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 116,242 shares of the software maker’s stock, valued at approximately $959,000. Nuveen LLC owned 0.26% of Mitek Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MITK. GAMMA Investing LLC grew its holdings in Mitek Systems by 1,882.5% during the first quarter. GAMMA Investing LLC now owns 3,053 shares of the software maker’s stock worth $25,000 after acquiring an additional 2,899 shares during the period. Quarry LP acquired a new position in Mitek Systems during the fourth quarter worth $31,000. Pandora Wealth Inc. acquired a new position in Mitek Systems during the first quarter worth $41,000. Ancora Advisors LLC acquired a new position in Mitek Systems during the fourth quarter worth $67,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Mitek Systems by 24.4% during the first quarter. Harbor Capital Advisors Inc. now owns 11,083 shares of the software maker’s stock worth $91,000 after acquiring an additional 2,175 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Mitek Systems Stock Performance

Mitek Systems stock opened at $10.17 on Tuesday. The firm has a market capitalization of $464.26 million, a price-to-earnings ratio of 30.82 and a beta of 1.06. Mitek Systems, Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $11.78. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $9.24.

Insiders Place Their Bets

In other Mitek Systems news, insider Michael E. Diamond sold 70,352 shares of the company’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $9.77, for a total value of $687,339.04. Following the sale, the insider owned 233,340 shares of the company’s stock, valued at approximately $2,279,731.80. This represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Mitek Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.17.

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.