Legal & General Group Plc Increases Position in Mitek Systems, Inc. $MITK

Legal & General Group Plc increased its holdings in Mitek Systems, Inc. (NASDAQ:MITK) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,009,368 shares of the software maker’s stock after purchasing an additional 38,612 shares during the quarter. Legal & General Group Plc owned 6.59% of Mitek Systems worth $29,793,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MITK. Pandora Wealth Inc. purchased a new stake in shares of Mitek Systems in the first quarter valued at approximately $41,000. Allianz Asset Management GmbH acquired a new stake in Mitek Systems in the 1st quarter valued at $164,000. CWM LLC increased its holdings in Mitek Systems by 11.6% in the 2nd quarter. CWM LLC now owns 22,696 shares of the software maker’s stock worth $225,000 after acquiring an additional 2,351 shares in the last quarter. Petrus Trust Company LTA increased its holdings in Mitek Systems by 69.3% in the 1st quarter. Petrus Trust Company LTA now owns 26,510 shares of the software maker’s stock worth $219,000 after acquiring an additional 10,853 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Mitek Systems in the second quarter valued at about $263,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on MITK shares. Weiss Ratings restated a “hold (c-)” rating on shares of Mitek Systems in a research report on Tuesday, October 14th. Wall Street Zen lowered Mitek Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Mitek Systems presently has an average rating of “Moderate Buy” and an average price target of $13.50.

Mitek Systems Trading Down 2.3%

Shares of NASDAQ MITK opened at $8.81 on Thursday. The stock has a market cap of $402.15 million, a PE ratio of 26.70 and a beta of 1.07. Mitek Systems, Inc. has a 12-month low of $6.93 and a 12-month high of $11.78. The company has a 50-day moving average of $9.38 and a 200 day moving average of $9.63.

Mitek Systems (NASDAQ:MITK) last released its earnings results on Tuesday, June 3rd. The software maker reported $0.36 earnings per share for the quarter. The business had revenue of $51.93 million for the quarter. Mitek Systems had a net margin of 8.71% and a return on equity of 17.26%. On average, sell-side analysts forecast that Mitek Systems, Inc. will post 0.59 EPS for the current fiscal year.

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.