Mitek Systems, Inc. (NASDAQ:MITK) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,752 shares of the software maker’s stock after acquiring an additional 2,806 shares during the quarter. Janus Henderson Group PLC owned about 0.16% of Mitek Systems worth $640,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MITK. Innealta Capital LLC acquired a new position in Mitek Systems during the second quarter worth approximately $32,000. nVerses Capital LLC increased its holdings in shares of Mitek Systems by 25.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the software maker’s stock worth $55,000 after buying an additional 1,300 shares during the last quarter. Avior Wealth Management LLC purchased a new position in shares of Mitek Systems in the 3rd quarter worth $60,000. Intech Investment Management LLC acquired a new position in Mitek Systems in the third quarter valued at $117,000. Finally, Squarepoint Ops LLC purchased a new stake in Mitek Systems during the second quarter valued at about $138,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Christopher H. Briggs sold 3,320 shares of Mitek Systems stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.08, for a total transaction of $30,145.60. Following the sale, the senior vice president now directly owns 65,353 shares of the company’s stock, valued at approximately $593,405.24. The trade was a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Gray sold 6,222 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total value of $56,433.54. Following the completion of the transaction, the insider now directly owns 164,342 shares of the company’s stock, valued at $1,490,581.94. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,699 shares of company stock worth $152,140 in the last 90 days. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MITK shares. StockNews.com upgraded Mitek Systems from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Jefferies Financial Group lowered shares of Mitek Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $17.00 to $9.50 in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.13.

Mitek Systems Price Performance

Shares of NASDAQ MITK opened at $8.78 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. Mitek Systems, Inc. has a 1-year low of $7.35 and a 1-year high of $16.24. The company has a market capitalization of $405.64 million, a price-to-earnings ratio of -58.53 and a beta of 1.12. The business has a 50-day moving average of $9.02 and a 200-day moving average of $9.95.

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.