Nuveen Asset Management LLC Acquires 11,543 Shares of MeridianLink, Inc. (NYSE:MLNK)

Nuveen Asset Management LLC increased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,710 shares of the company’s stock after purchasing an additional 11,543 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.15% of MeridianLink worth $2,369,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MLNK. Vanguard Group Inc. grew its holdings in MeridianLink by 10.5% during the fourth 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. Victory Capital Management Inc. bought a new position in shares of MeridianLink during the 4th quarter worth approximately $29,461,000. Dimensional Fund Advisors LP boosted its stake in shares of MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company’s stock worth $20,363,000 after acquiring an additional 107,349 shares during the period. Geode Capital Management LLC increased its holdings in shares of MeridianLink by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company’s stock worth $13,890,000 after acquiring an additional 69,083 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of MeridianLink by 9.8% during the 4th quarter. Northern Trust Corp now owns 480,827 shares of the company’s stock worth $9,929,000 after acquiring an additional 42,877 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MLNK. Barclays reduced their target price 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. 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 note on Tuesday, May 13th. Citigroup dropped their target price on MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Raymond James reduced their target price on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.42.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $16.08 on Tuesday. The firm has a 50 day moving average of $16.87 and a 200-day moving average of $19.14. MeridianLink, Inc. has a 12 month low of $15.57 and a 12 month high of $25.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.24 billion, a PE ratio of -24.00 and a beta of 0.97.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.09 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 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, equities research analysts predict that MeridianLink, Inc. will post -0.35 EPS 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.