Teacher Retirement System of Texas Buys 28,204 Shares of MeridianLink, Inc. (NYSE:MLNK)

Teacher Retirement System of Texas grew its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 87.7% during the first quarter, according to the company in its most recent disclosure with the SEC. 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 large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of MeridianLink in the 4th quarter valued at about $65,000. Summit Investment Advisors Inc. lifted its stake in MeridianLink by 32.0% in the fourth 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 period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MeridianLink by 1,606.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock worth $84,000 after buying an additional 4,256 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of MeridianLink during the 4th quarter worth approximately $124,000. Finally, Millennium Management LLC acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $201,000. 82.65% of the stock is currently owned by institutional investors.

MeridianLink Stock Up 0.7%

Shares of MLNK stock traded up $0.11 on Monday, hitting $16.33. The stock had a trading volume of 171,973 shares, compared to its average volume of 283,557. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 2.22. The business has a 50 day moving average of $16.69 and a 200 day moving average of $17.97. MeridianLink, Inc. has a 12-month low of $15.49 and a 12-month high of $25.33. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -42.98 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

MLNK has been the topic of several research analyst reports. Stifel Nicolaus cut their target price 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 reduced their price objective on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.