Mitek Systems, Inc. (MITK) Reaches $8.50 After 7.00% Down Move; Quintiles Transnational Holdings (Q) Sentiment Is 1.53

December 11, 2017 - By wolcottdaily

The stock of Mitek Systems, Inc. (NASDAQ:MITK) is a huge mover today! The stock decreased 1.16% or $0.1 during the last trading session, reaching $8.5. About 121,132 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has declined 2.93% since December 11, 2016 and is downtrending. It has underperformed by 19.63% the S&P500.The move comes after 7 months negative chart setup for the $295.58M company. It was reported on Dec, 11 by Barchart.com. We have $7.91 PT which if reached, will make NASDAQ:MITK worth $20.69M less.

Quintiles IMS Holdings, Inc. provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa, and the Asia-Pacific. The company has market cap of $21.87 billion. It operates through three divisions: Commercial Solutions, Research & Development Solutions, and Integrated Engagement Services. It has a 424.1 P/E ratio. The Commercial Solutions segment offers country level performance metrics related to sales of pharmaceutical products, prescribing trends, medical treatment, and promotional activity across various channels, including retail, hospital, and mail order to life science companies, and investment and financial sectors that deal with life science companies; and measurement of sales or prescribing activity at the regional, zip code, and individual prescriber level to pharmaceutical sales organizations.

It closed at $103.48 lastly. It is down 27.93% since December 11, 2016 and is uptrending. It has outperformed by 11.23% the S&P500.

Leonard Green & Partners L.P. holds 59.66% of its portfolio in IQVIA Holdings Inc. for 5.45 million shares. Tpg Group Holdings (Sbs) Advisors Inc. owns 36.94 million shares or 45.04% of their US portfolio. Moreover, Bain Capital Investors Llc has 15.05% invested in the company for 8.73 million shares. The New York-based Brahman Capital Corp. has invested 13.43% in the stock. Three Bays Capital Lp, a Massachusetts-based fund reported 1.07 million shares.

Ratings analysis reveals 27% of QuintilesIMS’s analysts are positive. Out of 11 Wall Street analysts rating QuintilesIMS, 3 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $74.0 while the high is $94.0. The stock’s average target of $85.33 is -17.54% below today’s ($103.48) share price. Q was included in 11 notes of analysts from October 5, 2016. The stock of IQVIA Holdings Inc. (NYSE:Q) earned “Neutral” rating by Mizuho on Tuesday, December 13. The rating was initiated by Stifel Nicolaus on Friday, October 14 with “Hold”. The firm has “Buy” rating given on Wednesday, October 5 by Goldman Sachs. Piper Jaffray downgraded the shares of Q in report on Thursday, October 27 to “Neutral” rating. The stock of IQVIA Holdings Inc. (NYSE:Q) has “Mkt Perform” rating given on Thursday, December 1 by Raymond James. The company was maintained on Wednesday, October 5 by UBS. The stock has “Outperform” rating by Wells Fargo on Friday, February 17. The stock of IQVIA Holdings Inc. (NYSE:Q) earned “Neutral” rating by Bank of America on Friday, December 2. Deutsche Bank downgraded IQVIA Holdings Inc. (NYSE:Q) rating on Friday, February 3. Deutsche Bank has “Hold” rating and $80.0 target. The stock of IQVIA Holdings Inc. (NYSE:Q) earned “Hold” rating by Jefferies on Wednesday, October 19.

Analysts await IQVIA Holdings Inc. (NYSE:Q) to report earnings on February, 13. They expect $1.35 EPS, up 23.85% or $0.26 from last year’s $1.09 per share. Q’s profit will be $285.28M for 19.16 P/E if the $1.35 EPS becomes a reality. After $1.19 actual EPS reported by IQVIA Holdings Inc. for the previous quarter, Wall Street now forecasts 13.45% EPS growth.

Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise clients worldwide. The company has market cap of $295.58 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 21.25 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.

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 turned negative, 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. Us Fincl Bank De invested 0% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK). Geode Cap Limited Liability Com, Massachusetts-based fund reported 262,157 shares. Thompson Davis Company Inc has 0.25% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 18,200 shares. Eqis Mngmt Incorporated has invested 0.02% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK). Sei Invs invested in 1 shares or 0% of the stock. Burt Wealth Advisors holds 0.07% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK) for 12,500 shares. M&T Financial Bank reported 40,000 shares. Paw Capital stated it has 2.11% in Mitek Systems, Inc. (NASDAQ:MITK). Messner Smith Theme Value Ltd Ca owns 29,225 shares for 0.43% of their portfolio. State Board Of Administration Of Florida Retirement owns 43,677 shares. X Management Limited Liability Com has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Bnp Paribas Arbitrage holds 3,112 shares or 0% of its portfolio. Fuller Thaler Asset Management stated it has 0.03% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK). Susquehanna Intl Group Incorporated Llp reported 79,887 shares or 0% of all its holdings. Federated Investors Incorporated Pa owns 31,918 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 had 11 analyst reports since January 8, 2016 according to SRatingsIntel. Northland Capital initiated Mitek Systems, Inc. (NASDAQ:MITK) on Monday, January 25 with “Outperform” rating. Roth Capital maintained Mitek Systems, Inc. (NASDAQ:MITK) on Thursday, November 2 with “Buy” rating. The company was maintained on Wednesday, March 23 by Benchmark. The rating was maintained by Northland Capital with “Buy” on Wednesday, August 30. The stock of Mitek Systems, Inc. (NASDAQ:MITK) has “Buy” rating given on Tuesday, July 25 by Northland Capital. Roth Capital maintained Mitek Systems, Inc. (NASDAQ:MITK) rating on Friday, June 9. Roth Capital has “Buy” rating and $9.5000 target. Northland Capital maintained Mitek Systems, Inc. (NASDAQ:MITK) rating on Wednesday, October 4. Northland Capital has “Buy” rating and $11.0 target. The stock of Mitek Systems, Inc. (NASDAQ:MITK) earned “Buy” rating by Roth Capital on Wednesday, July 19. The firm has “Buy” rating by Roth Capital given on Friday, July 28. The stock of Mitek Systems, Inc. (NASDAQ:MITK) has “Buy” rating given on Friday, January 8 by Benchmark.

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