Geode Capital Management LLC Boosts Stock Position in MeridianLink, Inc. (NYSE:MLNK)

Geode Capital Management LLC boosted its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 672,526 shares of the company's stock after purchasing an additional 69,083 shares during the quarter. Geode Capital Management LLC owned about 0.89% of MeridianLink worth $13,890,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MLNK. Arrowstreet Capital Limited Partnership grew its holdings in shares of MeridianLink by 123.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock valued at $8,227,000 after purchasing an additional 220,240 shares in the last quarter. JPMorgan Chase & Co. raised its position in MeridianLink by 920.0% during the fourth quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company's stock valued at $4,472,000 after purchasing an additional 195,333 shares during the period. Corebridge Financial Inc. lifted its stake in shares of MeridianLink by 12.8% in the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock valued at $336,000 after purchasing an additional 1,839 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock valued at $67,443,000 after purchasing an additional 310,228 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of MeridianLink in the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 82.65% of the company's stock.

Analyst Upgrades and Downgrades

MLNK has been the topic of several recent research reports. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. UBS Group dropped their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Raymond James reduced their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Barclays dropped their price objective on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Finally, Bank of America lowered MeridianLink from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.08.

MeridianLink Trading Down 0.2 %

NYSE:MLNK traded down $0.04 during midday trading on Friday, hitting $16.58. The stock had a trading volume of 17,107 shares, compared to its average volume of 277,147. The stock has a 50-day moving average of $18.11 and a 200 day moving average of $20.17. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -24.72 and a beta of 0.96. MeridianLink, Inc. has a one year low of $15.57 and a one year high of $25.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

About MeridianLink

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.