California State Teachers Retirement System Purchases 6,268 Shares of MeridianLink, Inc. (NYSE:MLNK)

California State Teachers Retirement System increased its position in MeridianLink, Inc. (NYSE:MLNK) by 28.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,312 shares of the company’s stock after acquiring an additional 6,268 shares during the quarter. California State Teachers Retirement System’s holdings in MeridianLink were worth $585,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MLNK. Victory Capital Management Inc. bought a new position in MeridianLink in the 4th quarter worth about $29,461,000. Western Standard LLC bought a new position in MeridianLink during the 4th quarter valued at about $7,223,000. Vanguard Group Inc. lifted its stake in MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after acquiring an additional 310,228 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in MeridianLink by 123.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock valued at $8,227,000 after acquiring an additional 220,240 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in MeridianLink by 920.0% during the 4th quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company’s stock valued at $4,472,000 after acquiring an additional 195,333 shares during the period. Institutional investors own 82.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MLNK shares. William Blair restated an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Stifel Nicolaus lowered their target price on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, May 13th. Barclays lowered their target price on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. UBS Group lowered their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Raymond James lowered their price objective on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.42.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $17.72 on Thursday. The firm’s 50 day moving average price is $16.71 and its 200-day moving average price is $18.94. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.37 billion, a PE ratio of -26.45 and a beta of 0.93.

MeridianLink (NYSE:MLNK) last released its earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $81.49 million during the quarter, compared to analysts’ expectations of $80.47 million. MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 earnings per share. Equities research analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current year.

MeridianLink Profile

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.