American Century Companies Inc. Acquires New Position in Mitek Systems, Inc. $MITK

American Century Companies Inc. acquired a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,659 shares of the software maker’s stock, valued at approximately $385,000. American Century Companies Inc. owned approximately 0.10% of Mitek Systems at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC bought a new position in Mitek Systems during the 1st quarter worth approximately $959,000. Invesco Ltd. grew its position in Mitek Systems by 4.4% during the 1st quarter. Invesco Ltd. now owns 1,797,990 shares of the software maker’s stock worth $14,833,000 after acquiring an additional 75,891 shares during the last quarter. Pandora Wealth Inc. bought a new position in Mitek Systems during the 1st quarter worth approximately $41,000. Vanguard Group Inc. grew its position in Mitek Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,564,891 shares of the software maker’s stock worth $29,410,000 after acquiring an additional 10,073 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Mitek Systems during the 1st quarter worth approximately $505,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Mitek Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $13.50.

Insider Buying and Selling at Mitek Systems

In other news, insider Michael E. Diamond sold 70,352 shares of Mitek Systems stock in a transaction that occurred 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 directly owned 233,340 shares in the company, valued at approximately $2,279,731.80. This trade represents a 23.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Mitek Systems Stock Performance

Shares of MITK stock opened at $9.81 on Friday. The firm has a market cap of $447.83 million, a P/E ratio of 29.73 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 business’s 50 day moving average price is $9.75 and its 200-day moving average price is $9.24.

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.