MeridianLink, Inc. (NYSE:MLNK) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in MeridianLink, Inc. (NYSE:MLNK) by 37.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,389 shares of the company’s stock after purchasing an additional 6,914 shares during the period. Wells Fargo & Company MN’s holdings in MeridianLink were worth $524,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MLNK. Victory Capital Management Inc. acquired a new stake in MeridianLink during the fourth quarter worth about $29,461,000. Vanguard Group Inc. raised its position in shares of MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock worth $67,443,000 after purchasing an additional 310,228 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of MeridianLink by 123.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock worth $8,227,000 after purchasing an additional 220,240 shares during the last quarter. JPMorgan Chase & Co. boosted its position in MeridianLink by 920.0% during the 4th 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. Finally, Geode Capital Management LLC increased its position in MeridianLink by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 672,526 shares of the company’s stock worth $13,890,000 after buying an additional 69,083 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MLNK has been the subject of several analyst reports. Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. 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. Citigroup lowered their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James dropped their price target on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.08.

MeridianLink Stock Up 0.5 %

MeridianLink stock opened at $16.68 on Friday. The firm’s 50 day moving average price is $17.89 and its two-hundred day moving average price is $20.00. The firm has a market cap of $1.29 billion, a PE ratio of -24.90 and a beta of 0.96. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

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.