Sei Investments Co. Makes New Investment in Mitek Systems, Inc. $MITK

Sei Investments Co. bought a new stake in Mitek Systems, Inc. (NASDAQ:MITK) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 187,481 shares of the software maker’s stock, valued at approximately $2,531,000.

A number of other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Mitek Systems by 320.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the software maker’s stock worth $60,000 after acquiring an additional 4,586 shares during the period. State of Alaska Department of Revenue increased its holdings in Mitek Systems by 305.2% in the 4th quarter. State of Alaska Department of Revenue now owns 8,075 shares of the software maker’s stock worth $85,000 after acquiring an additional 6,082 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Mitek Systems by 4,147.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,940 shares of the software maker’s stock valued at $97,000 after acquiring an additional 9,706 shares during the period. AXQ Capital LP bought a new stake in Mitek Systems in the 4th quarter valued at about $117,000. Finally, Bayesian Capital Management LP bought a new stake in Mitek Systems in the 2nd quarter valued at about $136,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Activity

In other news, COO Garrett Gafke sold 21,108 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $14.19, for a total value of $299,522.52. Following the completion of the transaction, the chief operating officer directly owned 244,279 shares in the company, valued at approximately $3,466,319.01. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Mitek Systems Stock Performance

NASDAQ:MITK opened at $18.49 on Friday. The business’s fifty day moving average is $17.72 and its 200 day moving average is $15.06. The firm has a market cap of $835.01 million, a price-to-earnings ratio of 39.34 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.61 and a current ratio of 2.61. Mitek Systems, Inc. has a 52-week low of $8.53 and a 52-week high of $21.05.

Mitek Systems (NASDAQ:MITK) last issued its earnings results on Thursday, August 6th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $54.04 million during the quarter, compared to the consensus estimate of $50.82 million. Mitek Systems had a return on equity of 19.41% and a net margin of 11.39%. Research analysts predict that Mitek Systems, Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Mitek Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen raised shares of Mitek Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Northland Securities set a $17.00 price target on shares of Mitek Systems in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Mitek Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Maxim Group set a $26.00 price objective on shares of Mitek Systems in a report on Friday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.33.

Trending Headlines about Mitek Systems

Here are the key news stories impacting Mitek Systems this week:

• Positive Sentiment: Mitek reported fiscal Q3 EPS of $0.34, up from $0.22 a year earlier and ahead of analyst estimates ranging from $0.26 to $0.28. Revenue reached $54.04 million, exceeding the approximately $50.8 million consensus forecast. Mitek Systems Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management projected fiscal 2026 revenue of $195 million to $200 million, above the $194.3 million analyst consensus. The outlook suggests continued demand for Mitek’s digital identity and fraud-prevention products. Mitek Systems Fiscal Q3 Earnings Snapshot
• Positive Sentiment: The earnings beat was supported by solid profitability, including a reported 8.74% net margin and 16.74% return on equity. The results and outlook provide a fundamental explanation for the stock’s increased trading activity. Mitek Systems Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Fourth-quarter revenue guidance of $42 million to $47 million brackets the $44.4 million consensus estimate, indicating an outlook broadly in line with expectations. The company did not provide a specific EPS figure in the supplied guidance update. Compared to Estimates Mitek Systems Q3 Earnings Key Metrics

Mitek Systems Profile

Mitek Systems, Inc (NASDAQ: MITK) is a software company specializing in mobile capture and digital identity verification solutions. Headquartered in San Diego, California, Mitek develops and licenses patented technology that enables organizations to securely capture, authenticate and process identity documents, checks and other physical media using smartphones and other digital devices. Its platforms leverage advanced image processing, machine learning and biometrics to streamline customer onboarding and prevent fraud in real time.

The company’s core offerings include mobile check deposit and deposit automation tools for financial institutions, as well as identity verification and authentication services for banks, fintechs, insurers and government agencies.