Knights of Columbus Asset Advisors LLC Acquires 94,454 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

Knights of Columbus Asset Advisors LLC grew its holdings in Mitek Systems, Inc. (NASDAQ:MITK) by 65.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,678 shares of the software maker’s stock after acquiring an additional 94,454 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.52% of Mitek Systems worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Mitek Systems by 88.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,142 shares of the software maker’s stock valued at $29,000 after acquiring an additional 1,475 shares during the period. Point72 Middle East FZE bought a new stake in shares of Mitek Systems in the fourth quarter valued at approximately $40,000. Quarry LP boosted its position in shares of Mitek Systems by 536.0% in the first quarter. Quarry LP now owns 4,738 shares of the software maker’s stock valued at $45,000 after acquiring an additional 3,993 shares during the period. Royal Bank of Canada boosted its position in shares of Mitek Systems by 66.4% in the third quarter. Royal Bank of Canada now owns 4,954 shares of the software maker’s stock valued at $46,000 after acquiring an additional 1,977 shares during the period. Finally, Covestor Ltd boosted its position in shares of Mitek Systems by 32.3% in the third quarter. Covestor Ltd now owns 6,107 shares of the software maker’s stock valued at $65,000 after acquiring an additional 1,492 shares during the period. 83.64% of the stock is owned by institutional investors.

Mitek Systems Stock Up 1.7 %

Shares of MITK stock opened at $12.18 on Friday. Mitek Systems, Inc. has a one year low of $8.77 and a one year high of $16.24. The stock has a fifty day moving average price of $12.68 and a 200 day moving average price of $11.97. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.66.

Mitek Systems (NASDAQ:MITK) last issued its earnings results on Tuesday, March 19th. The software maker reported $0.10 EPS for the quarter. The firm had revenue of $37.66 million during the quarter. Mitek Systems had a return on equity of 17.83% and a net margin of 4.25%. Research analysts anticipate that Mitek Systems, Inc. will post 0.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on MITK. Craig Hallum increased their price objective on Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 target price on shares of Mitek Systems in a research report on Tuesday, April 16th. Finally, StockNews.com raised Mitek Systems from a “hold” rating to a “buy” rating in a research report on Wednesday.

Mitek Systems 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.