Mitek Systems, Inc. $MITK Shares Acquired by Strs Ohio

Strs Ohio lifted its position in Mitek Systems, Inc. (NASDAQ:MITK) by 1,410.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,900 shares of the software maker’s stock after acquiring an additional 55,000 shares during the period. Strs Ohio’s holdings in Mitek Systems were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MITK. AQR Capital Management LLC grew its holdings in shares of Mitek Systems by 138.3% in the first quarter. AQR Capital Management LLC now owns 111,967 shares of the software maker’s stock valued at $924,000 after purchasing an additional 64,980 shares during the period. CWM LLC grew its stake in shares of Mitek Systems by 11.6% in the second quarter. CWM LLC now owns 22,696 shares of the software maker’s stock valued at $225,000 after buying an additional 2,351 shares in the last quarter. Kovack Advisors Inc. grew its position in Mitek Systems by 26.3% in the 2nd quarter. Kovack Advisors Inc. now owns 146,850 shares of the software maker’s stock valued at $1,454,000 after acquiring an additional 30,550 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Mitek Systems during the 2nd quarter worth approximately $263,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Mitek Systems by 96.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,715 shares of the software maker’s stock worth $641,000 after acquiring an additional 31,718 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Mitek Systems in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Mitek Systems Stock Down 0.3%

NASDAQ MITK opened at $10.02 on Friday. The firm has a 50-day moving average price of $9.98 and a 200 day moving average price of $9.72. The stock has a market capitalization of $453.91 million, a P/E ratio of 52.74 and a beta of 1.08. Mitek Systems, Inc. has a 52-week low of $6.93 and a 52-week high of $11.39.

About Mitek Systems

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.