23,619 Shares in Mitek Systems, Inc. (MITK) Acquired by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC acquired a new position in Mitek Systems, Inc. (NASDAQ:MITK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,619 shares of the software maker’s stock, valued at approximately $198,000. Parametric Portfolio Associates LLC owned about 0.07% of Mitek Systems at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in MITK. Burt Wealth Advisors acquired a new stake in shares of Mitek Systems in the second quarter worth $105,000. LLBH Private Wealth Management LLC acquired a new stake in shares of Mitek Systems in the second quarter worth $109,000. American International Group Inc. grew its stake in shares of Mitek Systems by 7.1% in the first quarter. American International Group Inc. now owns 18,128 shares of the software maker’s stock worth $121,000 after acquiring an additional 1,197 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Mitek Systems by 2.1% in the first quarter. Bank of America Corp DE now owns 23,382 shares of the software maker’s stock worth $156,000 after acquiring an additional 490 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Mitek Systems in the second quarter worth $258,000. Institutional investors and hedge funds own 44.92% of the company’s stock.
In other Mitek Systems news, insider Stephen Ritter sold 10,000 shares of Mitek Systems stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $9.57, for a total transaction of $95,700.00. Following the sale, the insider now owns 227,937 shares in the company, valued at $2,181,357.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Clark Sarah sold 7,741 shares of Mitek Systems stock in a transaction on Friday, November 17th. The stock was sold at an average price of $8.56, for a total transaction of $66,262.96. Following the sale, the vice president now owns 110,271 shares in the company, valued at approximately $943,919.76. The disclosure for this sale can be found here. Insiders have sold 155,942 shares of company stock worth $1,387,527 in the last quarter. Corporate insiders own 8.52% of the company’s stock.
Shares of Mitek Systems, Inc. (MITK) opened at $8.90 on Friday. Mitek Systems, Inc. has a 52 week low of $5.45 and a 52 week high of $10.75. The firm has a market cap of $306.05, a price-to-earnings ratio of 60.00, a price-to-earnings-growth ratio of 4.50 and a beta of 0.69.
Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Mitek Systems had a net margin of 31.05% and a return on equity of 12.72%. The firm had revenue of $12.90 million for the quarter, compared to the consensus estimate of $12.35 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The business’s revenue was up 33.4% compared to the same quarter last year. equities research analysts expect that Mitek Systems, Inc. will post 0.13 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on MITK. BidaskClub downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Mitek Systems has a consensus rating of “Buy” and an average price target of $10.67.
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Mitek Systems Profile
Mitek Systems, Inc develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard.
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