Victory Capital Management Inc. Grows Position in MeridianLink, Inc. (NYSE:MLNK)

Victory Capital Management Inc. increased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 27.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,824,395 shares of the company's stock after purchasing an additional 397,730 shares during the quarter. Victory Capital Management Inc. owned approximately 2.36% of MeridianLink worth $33,806,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of MeridianLink during the 4th quarter worth approximately $65,000. Summit Investment Advisors Inc. raised its stake in shares of MeridianLink by 32.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after acquiring an additional 830 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MeridianLink by 1,606.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after purchasing an additional 4,256 shares during the period. KLP Kapitalforvaltning AS purchased a new position in MeridianLink during the 4th quarter worth $124,000. Finally, New York State Common Retirement Fund grew its position in shares of MeridianLink by 39.1% during the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock worth $172,000 after buying an additional 2,600 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MLNK shares. Barclays dropped their price objective on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus reduced their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.42.

MeridianLink Stock Down 0.5%

Shares of NYSE:MLNK traded down $0.09 during trading hours on Thursday, reaching $16.54. The stock had a trading volume of 158,198 shares, compared to its average volume of 265,251. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -43.53 and a beta of 0.91. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.33. The firm's 50 day moving average is $16.54 and its 200-day moving average is $17.75.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its quarterly 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). The firm had revenue of $81.49 million for the quarter, compared to analysts' expectations of $80.47 million. MeridianLink had a negative return on equity of 5.14% and a negative net margin of 9.11%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. Research analysts predict that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal 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.