Alpha Paradigm Partners LLC lowered its position in shares of Mitek Systems, Inc. (NASDAQ:MITK – Get Rating) by 29.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,027 shares of the software maker’s stock after selling 15,268 shares during the quarter. Alpha Paradigm Partners LLC owned about 0.08% of Mitek Systems worth $330,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. New Century Advisors LLC lifted its holdings in shares of Mitek Systems by 156.9% during the third quarter. New Century Advisors LLC now owns 2,818 shares of the software maker’s stock worth $26,000 after buying an additional 1,721 shares in the last quarter. Byrne Asset Management LLC raised its stake in Mitek Systems by 57.8% in the third quarter. Byrne Asset Management LLC now owns 2,840 shares of the software maker’s stock valued at $26,000 after purchasing an additional 1,040 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in 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 purchasing an additional 1,475 shares in the last quarter. Royal Bank of Canada raised its stake in 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 purchasing an additional 1,977 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in Mitek Systems by 415.0% in the third quarter. Quantbot Technologies LP now owns 5,907 shares of the software maker’s stock valued at $54,000 after purchasing an additional 4,760 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.
Mitek Systems Stock Up 1.7 %
MITK stock opened at $9.06 on Wednesday. The company has a market cap of $404.80 million, a PE ratio of 64.71 and a beta of 0.79. The business has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $10.09. Mitek Systems, Inc. has a 52 week low of $8.32 and a 52 week high of $15.31. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.71.
About Mitek Systems
Mitek Systems, Inc engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in 1986 and is headquartered in San Diego, CA.
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