Mitek Systems, Inc. (MITK) Reaches $8.68 After 3.00% Up Move; Perficient, Inc. (PRFT) Covered By 4 Bullish Analysts Last Week

December 13, 2017 - By Migdalia James

The stock of Mitek Systems, Inc. (NASDAQ:MITK) is a huge mover today! The stock increased 3.89% or $0.325 during the last trading session, reaching $8.675. About 261,500 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has declined 2.93% since December 13, 2016 and is downtrending. It has underperformed by 19.63% the S&P500.The move comes after 6 months positive chart setup for the $301.67 million company. It was reported on Dec, 13 by Barchart.com. We have $8.94 PT which if reached, will make NASDAQ:MITK worth $9.05M more.

Among 4 analysts covering Perficient (NASDAQ:PRFT), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Perficient had 7 analyst reports since November 6, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Wednesday, March 1 report. The rating was initiated by Sidoti on Friday, June 24 with “Buy”. SunTrust maintained Perficient, Inc. (NASDAQ:PRFT) rating on Friday, November 3. SunTrust has “Buy” rating and $22.0 target. The firm has “Buy” rating by Maxim Group given on Monday, January 11. The firm has “Buy” rating by Maxim Group given on Friday, November 6. The stock of Perficient, Inc. (NASDAQ:PRFT) earned “Buy” rating by Maxim Group on Friday, November 3. See Perficient, Inc. (NASDAQ:PRFT) latest ratings:

03/11/2017 Broker: SunTrust Rating: Buy New Target: $22.0 Maintain
03/11/2017 Broker: Maxim Group Rating: Buy Old Target: $20 New Target: $22 Maintain
23/06/2017 Broker: Maxim Group Rating: Buy New Target: $20.0000

Since August 9, 2017, it had 0 buys, and 5 insider sales for $1.48 million activity. DAVIS JEFFREY S also sold $50,637 worth of Perficient, Inc. (NASDAQ:PRFT) on Wednesday, October 4. MARTIN PAUL E had sold 6,082 shares worth $122,869. The insider Derrickson Ralph C sold $139,333.

The stock increased 1.07% or $0.205 during the last trading session, reaching $19.385. About 120,555 shares traded. Perficient, Inc. (NASDAQ:PRFT) has declined 18.67% since December 13, 2016 and is downtrending. It has underperformed by 35.37% the S&P500.

Investors sentiment decreased to 1.23 in Q2 2017. Its down 0.02, from 1.25 in 2017Q1. It turned negative, as 13 investors sold Perficient, Inc. shares while 40 reduced holdings. 15 funds opened positions while 51 raised stakes. 26.46 million shares or 2.96% less from 27.27 million shares in 2017Q1 were reported. Schwab Charles Invest reported 0% stake. Vanguard Gru Inc reported 1.94M shares or 0% of all its holdings. Legal & General Group Inc Public Limited Liability Corp has 68,350 shares for 0% of their portfolio. Parametric Portfolio Associate Limited Liability Corp invested in 0% or 114,116 shares. Investment Counselors Of Maryland Lc stated it has 1.06M shares or 1.02% of all its holdings. Jpmorgan Chase And Communication holds 0% or 75,856 shares. Pnc Financial Svcs Gru Inc has 0% invested in Perficient, Inc. (NASDAQ:PRFT) for 181 shares. Thompson Davis & accumulated 125 shares. 482,752 were reported by Bancshares Of Ny Mellon. Jefferies Grp Lc accumulated 15,111 shares. Meeder Asset Mngmt holds 0% of its portfolio in Perficient, Inc. (NASDAQ:PRFT) for 1,018 shares. Ativo Capital has invested 0.3% in Perficient, Inc. (NASDAQ:PRFT). Fmr Ltd Liability Co reported 0.01% in Perficient, Inc. (NASDAQ:PRFT). Riverhead Management Ltd Limited Liability Company stated it has 0% in Perficient, Inc. (NASDAQ:PRFT). Ahl Prns Llp holds 0.02% or 42,946 shares in its portfolio.

Perficient, Inc. provides information technology and management consulting services in the United States. The company has market cap of $676.69 million. The firm designs, builds, and delivers solutions using middleware software products developed by third-party vendors. It has a 47.05 P/E ratio. The Company’s solutions include platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations; and portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services.

Analysts await Mitek Systems, Inc. (NASDAQ:MITK) to report earnings on February, 1. After $0.07 actual earnings per share reported by Mitek Systems, Inc. for the previous quarter, Wall Street now forecasts -142.86% negative EPS growth.

Investors sentiment decreased to 1.43 in 2017 Q2. Its down 0.54, from 1.97 in 2017Q1. It worsened, as 11 investors sold Mitek Systems, Inc. shares while 19 reduced holdings. 25 funds opened positions while 34 raised stakes. 13.61 million shares or 8.72% more from 12.52 million shares in 2017Q1 were reported. Arrowstreet Cap Partnership invested in 269,951 shares or 0.01% of the stock. Moreover, Skylands Cap Ltd Liability Co has 0.21% invested in Mitek Systems, Inc. (NASDAQ:MITK). First Republic Management stated it has 21,249 shares or 0% of all its holdings. 1.93 million are held by Blackrock. National Bank & Trust Of America De invested in 5,537 shares. Federated Invsts Pa holds 0% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK) for 31,918 shares. White Pine Lc has invested 1% in Mitek Systems, Inc. (NASDAQ:MITK). Moreover, Eqis Capital Mngmt Inc has 0.02% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 32,273 shares. Royal Bank & Trust Of Canada invested in 301,459 shares. Moreover, Northern Trust Corporation has 0% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 364,251 shares. Metropolitan Life Communications New York holds 0% or 21,879 shares in its portfolio. Stifel Corp has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). 54,110 are owned by Renaissance Group Inc Limited Liability Co. Barclays Public Ltd Company has 0% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 23 shares. Vanguard Inc has 1.37 million shares for 0% of their portfolio.

Among 4 analysts covering Mitek Systems (NASDAQ:MITK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mitek Systems has $12.2500 highest and $6.5 lowest target. $10.19’s average target is 17.46% above currents $8.675 stock price. Mitek Systems had 11 analyst reports since January 8, 2016 according to SRatingsIntel. The rating was maintained by Northland Capital with “Buy” on Tuesday, July 25. Benchmark initiated it with “Buy” rating and $6.5 target in Friday, January 8 report. Roth Capital maintained the stock with “Buy” rating in Friday, July 28 report. The firm earned “Buy” rating on Wednesday, August 30 by Northland Capital. On Wednesday, July 19 the stock rating was maintained by Roth Capital with “Buy”. The firm has “Buy” rating by Roth Capital given on Thursday, November 2. The company was maintained on Friday, June 9 by Roth Capital. Northland Capital maintained it with “Buy” rating and $11.0 target in Wednesday, October 4 report. On Monday, January 25 the stock rating was initiated by Northland Capital with “Outperform”. Benchmark maintained it with “Buy” rating and $8 target in Wednesday, March 23 report.

Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise clients worldwide. The company has market cap of $301.67 million. The firm applies its patented technology in image capture, correction, and intelligent data extraction in the mobile financial and business services markets. It has a 21.69 P/E ratio. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, and pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard.

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