Mackenzie Financial Corp Buys Shares of 38,227 MeridianLink, Inc. (NYSE:MLNK)

Mackenzie Financial Corp bought a new stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,227 shares of the company's stock, valued at approximately $708,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its stake in shares of MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock worth $71,000 after buying an additional 830 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MeridianLink by 1,606.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock worth $84,000 after buying an additional 4,256 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of MeridianLink in the fourth quarter worth $124,000. New York State Common Retirement Fund lifted its stake in shares of MeridianLink by 39.1% in the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock worth $172,000 after buying an additional 2,600 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of MeridianLink in the fourth quarter worth $201,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MLNK. Stifel Nicolaus dropped their target price on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, May 13th. BTIG Research raised shares of MeridianLink to a "strong-buy" rating and set a $20.00 target price on the stock in a research report on Friday, August 1st. Finally, Barclays dropped their target price on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $19.50.

MeridianLink Stock Performance

MeridianLink stock traded down $0.12 on Friday, hitting $15.91. The company's stock had a trading volume of 289,606 shares, compared to its average volume of 210,839. The firm has a market cap of $1.23 billion, a P/E ratio of -41.87 and a beta of 0.91. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average price of $16.49 and a 200-day moving average price of $17.51. MeridianLink, Inc. has a one year low of $15.49 and a one year high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly 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 company had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative return on equity of 5.14% and a negative net margin of 9.11%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, equities analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

About MeridianLink

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.