Northern Trust Corp Acquires 42,877 Shares of MeridianLink, Inc. (NYSE:MLNK)

Northern Trust Corp increased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 9.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 480,827 shares of the company's stock after purchasing an additional 42,877 shares during the period. Northern Trust Corp owned 0.64% of MeridianLink worth $9,929,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of MeridianLink in the fourth quarter valued at $65,000. Summit Investment Advisors Inc. grew its stake in MeridianLink by 32.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after buying an additional 830 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in MeridianLink in the 4th quarter valued at about $124,000. Proficio Capital Partners LLC acquired a new stake in MeridianLink during the fourth quarter worth approximately $234,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of MeridianLink by 73.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,311 shares of the company's stock worth $254,000 after purchasing an additional 5,200 shares during the period. Institutional investors and hedge funds own 82.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MLNK shares. Citigroup reduced their target price on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus decreased their price target 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 decreased their price target 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. William Blair restated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Bank of America downgraded shares of MeridianLink from a "buy" rating to an "underperform" rating and decreased their price target for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.42.

MeridianLink Price Performance

MeridianLink stock traded down $0.13 during trading hours on Friday, reaching $15.94. 364,864 shares of the stock were exchanged, compared to its average volume of 279,071. The company has a market cap of $1.23 billion, a P/E ratio of -23.79 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 twelve month low of $15.57 and a twelve month high of $25.33. The stock has a 50 day moving average of $17.22 and a two-hundred day moving average of $19.51.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The firm 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 9.57% and a negative net margin of 16.57%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Equities analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

MeridianLink Company 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.