Man Group plc Acquires New Holdings in MeridianLink, Inc. (NYSE:MLNK)

Man Group plc acquired a new stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 25,278 shares of the company's stock, valued at approximately $522,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new position in shares of MeridianLink during the fourth quarter worth $29,461,000. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 310,228 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of MeridianLink by 123.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock valued at $8,227,000 after purchasing an additional 220,240 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MeridianLink by 920.0% in the fourth quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company's stock worth $4,472,000 after purchasing an additional 195,333 shares during the last quarter. Finally, CenterBook Partners LP lifted its position in shares of MeridianLink by 111.7% in the fourth quarter. CenterBook Partners LP now owns 340,287 shares of the company's stock worth $7,027,000 after buying an additional 179,570 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MLNK. Barclays cut their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Citigroup decreased their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Raymond James dropped their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. William Blair restated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, Bank of America lowered MeridianLink from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.42.

MeridianLink Stock Performance

Shares of NYSE MLNK traded up $0.03 during trading hours on Friday, reaching $16.67. The stock had a trading volume of 39,536 shares, compared to its average volume of 280,001. The firm has a 50-day moving average of $16.98 and a 200-day moving average of $19.29. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -24.88 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The business had revenue of $81.49 million during the quarter, compared to analysts' expectations of $80.47 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that MeridianLink, Inc. will post -0.35 earnings per share 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.