As Stryker Corp. (SYK) Market Valuation Rose, Confluence Investment Management Trimmed Its Holding; Holder P-A-W Capital Increased Mitek Sys (MITK) Holding

April 17, 2018 - By Michael Collier

Mitek Systems, Inc. (NASDAQ:MITK) Logo

Peter A. Wright increased its stake in Mitek Sys Inc (MITK) by 40% based on its latest 2017Q4 regulatory filing with the SEC. P-A-W Capital Corp bought 100,000 shares as the company’s stock declined 18.33% with the market. The hedge fund run by Peter A. Wright held 350,000 shares of the technology company at the end of 2017Q4, valued at $3.13 million, up from 250,000 at the end of the previous reported quarter. P-A-W Capital Corp who had been investing in Mitek Sys Inc for a number of months, seems to be bullish on the $277.48M market cap company. The stock increased 3.25% or $0.25 during the last trading session, reaching $7.95. About 104,964 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has risen 16.67% since April 17, 2017 and is uptrending. It has outperformed by 5.12% the S&P500.

Confluence Investment Management Llc decreased its stake in Stryker Corp. (SYK) by 2.98% based on its latest 2017Q4 regulatory filing with the SEC. Confluence Investment Management Llc sold 17,002 shares as the company’s stock rose 2.85% while stock markets declined. The institutional investor held 553,175 shares of the medical and dental instruments company at the end of 2017Q4, valued at $85.65 million, down from 570,177 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Stryker Corp. for a number of months, seems to be less bullish one the $60.77 billion market cap company. The stock increased 0.51% or $0.8199 during the last trading session, reaching $162.8799. About 545,090 shares traded. Stryker Corporation (NYSE:SYK) has risen 19.66% since April 17, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on April, 26 after the close. They expect $1.60 EPS, up 8.11% or $0.12 from last year’s $1.48 per share. SYK’s profit will be $596.98 million for 25.45 P/E if the $1.60 EPS becomes a reality. After $1.96 actual EPS reported by Stryker Corporation for the previous quarter, Wall Street now forecasts -18.37% negative EPS growth.

Among 30 analysts covering Stryker Corporation (NYSE:SYK), 20 have Buy rating, 1 Sell and 9 Hold. Therefore 67% are positive. Stryker Corporation had 94 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, April 27 by Sterne Agee CRT. On Wednesday, April 12 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Hold” rating by Jefferies on Thursday, June 29. The stock of Stryker Corporation (NYSE:SYK) has “Buy” rating given on Wednesday, January 31 by Piper Jaffray. Cowen & Co maintained the stock with “Buy” rating in Friday, October 6 report. As per Wednesday, January 31, the company rating was maintained by Stifel Nicolaus. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 13. Piper Jaffray maintained Stryker Corporation (NYSE:SYK) on Thursday, October 26 with “Buy” rating. The firm earned “Buy” rating on Wednesday, April 27 by Argus Research. Needham upgraded the shares of SYK in report on Friday, August 25 to “Hold” rating.

Since February 1, 2018, it had 0 insider buys, and 12 sales for $24.61 million activity. On Wednesday, March 21 the insider Owen Katherine Ann sold $412,114. The insider McLean Graham A sold 2,984 shares worth $479,034. $3.85M worth of Stryker Corporation (NYSE:SYK) was sold by Becker Yin C on Thursday, March 8. Another trade for 5,000 shares valued at $818,792 was made by Carpenter Lonny J on Friday, February 2. On Thursday, February 1 FRANCESCONI LOUISE sold $713,655 worth of Stryker Corporation (NYSE:SYK) or 4,347 shares. The insider Berry William E Jr sold 1,306 shares worth $214,730.

Investors sentiment decreased to 0.8 in 2017 Q4. Its down 0.07, from 0.87 in 2017Q3. It fall, as 39 investors sold SYK shares while 375 reduced holdings. 100 funds opened positions while 232 raised stakes. 275.69 million shares or 0.03% more from 275.60 million shares in 2017Q3 were reported. Moreover, Manufacturers Life Insur The has 0.13% invested in Stryker Corporation (NYSE:SYK). First Merchants holds 1.49% of its portfolio in Stryker Corporation (NYSE:SYK) for 56,344 shares. Alliancebernstein Limited Partnership holds 0.07% in Stryker Corporation (NYSE:SYK) or 639,848 shares. Sector Pension Board invested 0.02% of its portfolio in Stryker Corporation (NYSE:SYK). Ashfield Capital Partners Lc has invested 0.43% in Stryker Corporation (NYSE:SYK). Boston Family Office Ltd Co invested in 54,008 shares. Gemmer Asset Management Limited Liability has 304 shares. Pinnacle Assocs invested in 0.04% or 12,449 shares. Green Square Cap Lc stated it has 5,606 shares. Natl Asset Inc reported 9,243 shares. Choate accumulated 10,508 shares. Mitsubishi Ufj Securities Holdg Ltd holds 0.02% or 30 shares in its portfolio. Shufro Rose & Ltd Com invested in 60,254 shares or 0.92% of the stock. Ironwood Inv Counsel Ltd has 5,175 shares. Aviance Capital Prtnrs Limited Liability Corp holds 0.11% or 2,225 shares.

Confluence Investment Management Llc, which manages about $2.30B and $5.48 billion US Long portfolio, upped its stake in Black Knight Inc by 1.21M shares to 2.05 million shares, valued at $90.65M in 2017Q4, according to the filing. It also increased its holding in Goldman Sachs Bdc Inc. by 22,046 shares in the quarter, for a total of 172,574 shares, and has risen its stake in Mdu Resources Group Inc. (NYSE:MDU).

Investors sentiment increased to 1.47 in Q4 2017. Its up 0.04, from 1.43 in 2017Q3. It is positive, as 14 investors sold MITK shares while 24 reduced holdings. 19 funds opened positions while 37 raised stakes. 14.76 million shares or 5.30% more from 14.02 million shares in 2017Q3 were reported. Barclays Public Limited Company invested in 0% or 11,724 shares. Sg Americas Secs Limited Co holds 0% or 18,036 shares. Amer International Grp Incorporated invested in 0% or 20,778 shares. Strs Ohio stated it has 0% in Mitek Systems, Inc. (NASDAQ:MITK). State Common Retirement Fund owns 25,800 shares or 0% of their US portfolio. Stratos Wealth Prns holds 1,659 shares. Royal State Bank Of Canada invested in 326,986 shares. Stonebridge Cap holds 0.03% or 14,500 shares. Renaissance Techs Ltd Liability Company has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Paw Corporation owns 350,000 shares. Deutsche Retail Bank Ag accumulated 192,550 shares or 0% of the stock. 200 are owned by Cwm Ltd Liability Company. S Squared Technology Limited reported 2.96% stake. Invesco owns 0% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 126,961 shares. Teachers & Annuity Association Of America holds 98,658 shares.

P-A-W Capital Corp, which manages about $79.50 million US Long portfolio, decreased its stake in Lendingtree Inc New (NASDAQ:TREE) by 2,000 shares to 5,000 shares, valued at $1.70 million in 2017Q4, according to the filing. It also reduced its holding in Uniqure Nv (NASDAQ:QURE) by 25,000 shares in the quarter, leaving it with 80,000 shares, and cut its stake in Varonis Sys Inc (NASDAQ:VRNS).

Stryker Corporation (NYSE:SYK) Institutional Positions Chart

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