Northern Trust Corp Has $9.93 Million Position in MeridianLink, Inc. (NYSE:MLNK)

Northern Trust Corp grew its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 480,827 shares of the company's stock after acquiring an additional 42,877 shares during the period. Northern Trust Corp owned about 0.64% of MeridianLink worth $9,929,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings 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 acquiring an additional 220,240 shares during the period. Dimensional Fund Advisors LP grew its position in MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock worth $20,363,000 after purchasing an additional 107,349 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MeridianLink by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock valued at $4,936,000 after purchasing an additional 20,928 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MeridianLink by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock valued at $13,890,000 after purchasing an additional 69,083 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of MeridianLink in the fourth quarter worth $384,000. 82.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays dropped their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report 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 report on Tuesday, March 4th. Bank of America downgraded shares of MeridianLink from a "buy" rating to an "underperform" rating and cut their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Raymond James decreased their target price 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. Finally, Citigroup dropped 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $19.42.

MeridianLink Stock Down 3.3%

MLNK traded down $0.56 during midday trading on Wednesday, hitting $16.18. 283,040 shares of the company's stock traded hands, compared to its average volume of 278,929. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $1.25 billion, a PE ratio of -24.14 and a beta of 0.97. The stock's fifty day simple moving average is $17.41 and its 200-day simple moving average is $19.63. MeridianLink, Inc. has a one year low of $15.57 and a one year high of $25.33.

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