Select Equity Group L.P. Raises Position in MeridianLink, Inc. (NYSE:MLNK)

Select Equity Group L.P. boosted its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 94.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,922 shares of the company's stock after acquiring an additional 23,274 shares during the period. Select Equity Group L.P. owned 0.06% of MeridianLink worth $990,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Man Group plc purchased a new stake in MeridianLink in the 4th quarter worth about $522,000. Nuveen Asset Management LLC boosted its position in MeridianLink by 11.2% during the fourth quarter. Nuveen Asset Management LLC now owns 114,710 shares of the company's stock worth $2,369,000 after purchasing an additional 11,543 shares during the period. Millennium Management LLC purchased a new position in shares of MeridianLink in the fourth quarter worth about $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MeridianLink by 9.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,614 shares of the company's stock valued at $1,603,000 after purchasing an additional 6,794 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of MeridianLink by 24.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 469,069 shares of the company's stock valued at $9,686,000 after buying an additional 93,494 shares in the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

Shares of NYSE:MLNK traded down $0.09 on Friday, hitting $15.98. The company's stock had a trading volume of 72,404 shares, compared to its average volume of 277,498. The company has a market capitalization of $1.23 billion, a PE ratio of -23.86 and a beta of 0.97. 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 50-day simple moving average of $17.29 and a 200 day simple moving average of $19.56. MeridianLink, Inc. has a 1 year low of $15.57 and a 1 year high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last announced 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). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The company had revenue of $81.49 million for the quarter, compared to the consensus estimate of $80.47 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

MLNK has been the subject of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Citigroup reduced their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays dropped their price objective on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus cut their target price on MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Tuesday, May 13th. Finally, Raymond James decreased their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research report 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 given a buy rating to the company. According to data from MarketBeat.com, MeridianLink currently has an average rating of "Hold" and an average price target of $19.42.

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.