Select Equity Group L.P. Raises Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

Select Equity Group L.P. boosted its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,922 shares of the company’s stock after purchasing an additional 23,274 shares during the quarter. Select Equity Group L.P.’s holdings in MeridianLink were worth $990,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of MeridianLink in the fourth quarter valued at approximately $65,000. Summit Investment Advisors Inc. lifted its position in shares of 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 acquiring an additional 830 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of MeridianLink in the fourth quarter valued at approximately $124,000. Millennium Management LLC purchased a new position in shares of MeridianLink in the fourth quarter valued at approximately $201,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of MeridianLink in the fourth quarter valued at approximately $234,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

MLNK stock opened at $17.08 on Friday. The business has a fifty day moving average of $17.52 and a two-hundred day moving average of $19.70. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -25.49 and a beta of 0.97. MeridianLink, Inc. has a 52-week low of $15.57 and a 52-week high of $25.33.

MeridianLink (NYSE:MLNK) last posted its 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 business had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. MeridianLink’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. As a group, research analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

MLNK has been the topic of several research reports. Citigroup decreased their target price on MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Barclays reduced their price objective on MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. UBS Group reduced their price objective on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Raymond James reduced their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, MeridianLink currently 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.