Select Equity Group L.P. Raises Position in MeridianLink, Inc. $MLNK

Select Equity Group L.P. grew its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 541.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 307,322 shares of the company's stock after purchasing an additional 259,400 shares during the period. Select Equity Group L.P. owned about 0.40% of MeridianLink worth $5,695,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MLNK. Teacher Retirement System of Texas increased its position in shares of MeridianLink by 87.7% during the first quarter. Teacher Retirement System of Texas now owns 60,362 shares of the company's stock valued at $1,119,000 after acquiring an additional 28,204 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of MeridianLink by 1,606.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after acquiring an additional 4,256 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of MeridianLink during the first quarter valued at approximately $708,000. New York State Common Retirement Fund increased its position in shares of MeridianLink by 39.1% during the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock valued at $172,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of MeridianLink during the fourth quarter valued at approximately $235,000. 82.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MLNK has been the subject of a number of research analyst reports. Barclays increased their price target on MeridianLink from $16.00 to $20.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. William Blair downgraded MeridianLink from an "outperform" rating to a "market perform" rating in a research report on Monday, August 11th. BTIG Research downgraded MeridianLink from a "strong-buy" rating to a "neutral" rating in a research report on Monday, August 11th. Finally, Raymond James Financial lowered MeridianLink from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 12th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, MeridianLink has an average rating of "Reduce" and an average price target of $20.07.

MeridianLink Stock Performance

Shares of NYSE:MLNK traded down $0.02 during trading on Friday, hitting $19.92. 198,284 shares of the company were exchanged, compared to its average volume of 402,207. The company has a market cap of $1.48 billion, a PE ratio of -68.67 and a beta of 0.93. The stock has a 50 day moving average of $18.12 and a 200 day moving average of $17.59. MeridianLink, Inc. has a 52-week low of $15.49 and a 52-week high of $25.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). The company had revenue of $84.60 million for the quarter, compared to analysts' expectations of $81.58 million. MeridianLink had a negative return on equity of 4.50% and a negative net margin of 6.90%.The company's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, equities research analysts predict that MeridianLink, Inc. will post -0.35 EPS for the current 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.