Mitek Systems, Inc. $MITK Stock Position Decreased by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in Mitek Systems, Inc. (NASDAQ:MITK) by 13.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,724 shares of the software maker’s stock after selling 1,917 shares during the period. Voya Investment Management LLC’s holdings in Mitek Systems were worth $105,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Mitek Systems by 1,882.5% in the 1st quarter. GAMMA Investing LLC now owns 3,053 shares of the software maker’s stock valued at $25,000 after acquiring an additional 2,899 shares in the last quarter. Pandora Wealth Inc. bought a new stake in Mitek Systems during the 1st quarter worth $41,000. Harbor Capital Advisors Inc. grew its stake in shares of Mitek Systems by 24.4% in the first quarter. Harbor Capital Advisors Inc. now owns 11,083 shares of the software maker’s stock worth $91,000 after purchasing an additional 2,175 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Mitek Systems during the first quarter worth $164,000. Finally, Petrus Trust Company LTA increased its stake in shares of Mitek Systems by 69.3% in the 1st quarter. Petrus Trust Company LTA now owns 26,510 shares of the software maker’s stock valued at $219,000 after acquiring an additional 10,853 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $13.50.

Mitek Systems Price Performance

MITK stock opened at $9.77 on Thursday. The stock’s fifty day moving average price is $9.85 and its 200-day moving average price is $9.34. The company has a market cap of $446.00 million, a P/E ratio of 29.61 and a beta of 1.07. Mitek Systems, Inc. has a 1 year low of $6.93 and a 1 year high of $11.78.

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.