Wisconsin Capital Management LLC Sells 76,200 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

Wisconsin Capital Management LLC lowered its position in Mitek Systems, Inc. (NASDAQ:MITK) by 23.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 252,400 shares of the software maker’s stock after selling 76,200 shares during the period. Mitek Systems comprises approximately 2.0% of Wisconsin Capital Management LLC’s holdings, making the stock its 24th largest position. Wisconsin Capital Management LLC owned 0.55% of Mitek Systems worth $3,291,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc raised its stake in Mitek Systems by 41.1% during the 4th quarter. Impax Asset Management Group plc now owns 720,349 shares of the software maker’s stock valued at $9,393,000 after purchasing an additional 210,000 shares during the period. North Star Investment Management Corp. grew its stake in Mitek Systems by 4,261.7% during the fourth quarter. North Star Investment Management Corp. now owns 116,675 shares of the software maker’s stock valued at $1,521,000 after acquiring an additional 114,000 shares in the last quarter. B. Riley Asset Management LLC increased its holdings in Mitek Systems by 28.9% in the 3rd quarter. B. Riley Asset Management LLC now owns 718,981 shares of the software maker’s stock valued at $7,707,000 after acquiring an additional 161,246 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Mitek Systems by 77.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 429,271 shares of the software maker’s stock worth $4,602,000 after purchasing an additional 186,746 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Mitek Systems by 427.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 235,033 shares of the software maker’s stock worth $2,520,000 after purchasing an additional 190,481 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Craig Hallum increased their price target on Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. HC Wainwright restated a “buy” rating and issued a $19.00 price target on shares of Mitek Systems in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Mitek Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th.

Mitek Systems Trading Down 2.0 %

MITK stock traded down $0.25 during midday trading on Thursday, reaching $12.41. 308,818 shares of the company traded hands, compared to its average volume of 499,320. The firm has a market capitalization of $580.66 million, a price-to-earnings ratio of -179.40 and a beta of 1.09. Mitek Systems, Inc. has a 52-week low of $8.80 and a 52-week high of $16.24. The business has a 50 day moving average of $12.71 and a 200-day moving average of $12.01. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.70 and a current ratio of 4.70.

Mitek Systems (NASDAQ:MITK) last released its earnings results on Monday, April 15th. The software maker reported $0.08 earnings per share for the quarter. The firm had revenue of $36.92 million for the quarter. Mitek Systems had a positive return on equity of 13.13% and a negative net margin of 1.97%. As a group, sell-side analysts expect that Mitek Systems, Inc. will post 0.78 earnings per share for the current fiscal year.

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.