Select Equity Group L.P. Buys 23,274 Shares of MeridianLink, Inc. (NYSE:MLNK)

Select Equity Group L.P. lifted its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 94.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,922 shares of the company's stock after purchasing an additional 23,274 shares during the quarter. Select Equity Group L.P. owned 0.06% of MeridianLink worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MLNK. Arrowstreet Capital Limited Partnership increased its stake in MeridianLink by 123.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock valued at $8,227,000 after buying an additional 220,240 shares during the period. Dimensional Fund Advisors LP raised its stake in MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock valued at $20,363,000 after purchasing an additional 107,349 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in MeridianLink by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock worth $4,936,000 after buying an additional 20,928 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of MeridianLink by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock worth $13,890,000 after purchasing an additional 69,083 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in MeridianLink in the 4th quarter valued at $384,000. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Stock Down 3.3%

Shares of MeridianLink stock traded down $0.56 during trading on Wednesday, reaching $16.18. 283,040 shares of the company traded hands, compared to its average volume of 278,612. 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 moving average price of $17.41 and a 200-day moving average price of $19.63. The firm has a market capitalization of $1.25 billion, a PE ratio of -24.14 and a beta of 0.97. 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 issued its quarterly earnings data on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $81.49 million during the quarter, compared to analysts' expectations of $80.47 million. MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. As a group, equities research analysts expect that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MLNK has been the subject of several recent analyst reports. Citigroup dropped their price objective on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and dropped their target price for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Raymond James cut their price target on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Finally, UBS Group decreased their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Two 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 MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $19.42.

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.