Campbell & CO Investment Adviser LLC Takes Position in Mitek Systems, Inc. (NASDAQ:MITK)

Campbell & CO Investment Adviser LLC acquired a new stake in Mitek Systems, Inc. (NASDAQ:MITK) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 35,125 shares of the software maker’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MITK. Marshall Wace LLP grew its holdings in shares of Mitek Systems by 48.8% in the 1st quarter. Marshall Wace LLP now owns 245,032 shares of the software maker’s stock valued at $2,999,000 after acquiring an additional 80,342 shares in the last quarter. Juncture Wealth Strategies LLC bought a new position in shares of Mitek Systems in the 2nd quarter valued at about $460,000. Eqis Capital Management Inc. acquired a new stake in Mitek Systems in the 2nd quarter valued at about $124,000. Commonwealth Equity Services LLC lifted its stake in Mitek Systems by 22.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,380 shares of the software maker’s stock valued at $202,000 after purchasing an additional 3,675 shares during the last quarter. Finally, Prentiss Smith & Co. Inc. acquired a new stake in Mitek Systems in the 2nd quarter valued at about $2,118,000. Institutional investors own 61.46% of the company’s stock.

Shares of NASDAQ:MITK opened at $9.63 on Friday. Mitek Systems, Inc. has a 52-week low of $7.63 and a 52-week high of $13.07. The company has a market capitalization of $390.92 million, a P/E ratio of 74.08, a price-to-earnings-growth ratio of 2.59 and a beta of -0.16. The company has a 50-day simple moving average of $9.84 and a 200 day simple moving average of $10.27.

Mitek Systems (NASDAQ:MITK) last issued its earnings results on Thursday, July 25th. The software maker reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Mitek Systems had a negative net margin of 7.61% and a positive return on equity of 6.33%. The business had revenue of $21.91 million during the quarter, compared to the consensus estimate of $21.74 million. During the same period last year, the business posted $0.06 EPS. Mitek Systems’s revenue was up 36.0% on a year-over-year basis. Equities research analysts anticipate that Mitek Systems, Inc. will post 0.16 earnings per share for the current year.

MITK has been the subject of several recent analyst reports. ValuEngine downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. BidaskClub downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Mitek Systems from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Friday. Finally, Roth Capital set a $14.00 target price on shares of Mitek Systems and gave the company a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Mitek Systems currently has an average rating of “Buy” and an average price target of $14.75.

In other Mitek Systems news, insider Jason Gray sold 8,753 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $9.84, for a total transaction of $86,129.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Ritter sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $9.93, for a total transaction of $148,950.00. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

About Mitek Systems

Mitek Systems, Inc develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions.

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Institutional Ownership by Quarter for Mitek Systems (NASDAQ:MITK)

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