Teacher Retirement System of Texas Raises Holdings in MeridianLink, Inc. (NYSE:MLNK)

Teacher Retirement System of Texas lifted its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 87.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,362 shares of the company's stock after buying an additional 28,204 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of MeridianLink worth $1,119,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of MeridianLink by 5.0% in the fourth quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company's stock worth $345,000 after buying an additional 802 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in MeridianLink by 32.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock worth $71,000 after purchasing an additional 830 shares in the last quarter. Legal & General Group Plc boosted its position in MeridianLink by 3.3% during the fourth quarter. Legal & General Group Plc now owns 30,905 shares of the company's stock worth $638,000 after purchasing an additional 987 shares in the last quarter. Corebridge Financial Inc. boosted its position in MeridianLink by 12.8% during the fourth quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock worth $336,000 after purchasing an additional 1,839 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in MeridianLink by 15.7% during the fourth quarter. MetLife Investment Management LLC now owns 19,131 shares of the company's stock worth $395,000 after purchasing an additional 2,591 shares in the last quarter. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Price Performance

Shares of MeridianLink stock traded up $0.03 during mid-day trading on Thursday, reaching $16.36. 193,643 shares of the stock traded hands, compared to its average volume of 293,565. The business has a 50-day moving average of $16.64 and a 200 day moving average of $17.89. MeridianLink, Inc. has a fifty-two week low of $15.49 and a fifty-two week high of $25.33. The stock has a market capitalization of $1.26 billion, a PE ratio of -43.04 and a beta of 0.91. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.07.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). MeridianLink had a negative net margin of 9.11% and a negative return on equity of 5.14%. The firm had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. During the same period in the previous year, the company earned $0.06 EPS. MeridianLink's revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that MeridianLink, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MLNK. Stifel Nicolaus lowered their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, May 13th. Barclays lowered 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.42.

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.