Northern Trust Corp Has $9.93 Million Stake in MeridianLink, Inc. (NYSE:MLNK)

Northern Trust Corp raised its stake in shares of MeridianLink, Inc. (NYSE:MLNK) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,827 shares of the company’s stock after acquiring an additional 42,877 shares during the period. Northern Trust Corp owned about 0.64% of MeridianLink worth $9,929,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in MeridianLink by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock worth $452,000 after acquiring an additional 10,654 shares during the last quarter. Rhumbline Advisers lifted its stake in MeridianLink by 10.0% in the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock worth $1,004,000 after acquiring an additional 4,404 shares during the period. Proficio Capital Partners LLC purchased a new position in MeridianLink during the 4th quarter valued at $234,000. Charles Schwab Investment Management Inc. grew its position in shares of MeridianLink by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock worth $4,936,000 after buying an additional 20,928 shares during the period. Finally, Victory Capital Management Inc. bought a new position in MeridianLink in the 4th quarter worth about $29,461,000. 82.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America cut shares of MeridianLink from a “buy” rating to an “underperform” rating and lowered their target price for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Citigroup cut their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, March 7th. UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Barclays decreased their target price on MeridianLink from $19.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MeridianLink presently has a consensus rating of “Hold” and an average target price of $19.42.

MeridianLink Price Performance

Shares of MLNK stock opened at $17.08 on Friday. The stock’s 50-day simple moving average is $17.52 and its 200-day simple moving average is $19.70. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -25.49 and a beta of 0.97. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week 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.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $81.49 million during the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, equities analysts forecast that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

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.