California State Teachers Retirement System Raises Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

California State Teachers Retirement System increased its position in MeridianLink, Inc. (NYSE:MLNK) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,312 shares of the company’s stock after buying an additional 6,268 shares during the quarter. California State Teachers Retirement System’s holdings in MeridianLink were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in MeridianLink by 10.0% in the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock valued at $1,004,000 after acquiring an additional 4,404 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in MeridianLink during the 4th quarter valued at $234,000. Charles Schwab Investment Management Inc. increased its position in MeridianLink by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock valued at $4,936,000 after purchasing an additional 20,928 shares during the period. Victory Capital Management Inc. purchased a new position in MeridianLink during the 4th quarter valued at $29,461,000. Finally, AlphaQuest LLC purchased a new position in MeridianLink during the 4th quarter valued at $421,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus reduced their price objective on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, May 13th. Raymond James reduced their price objective 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. William Blair reissued an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, UBS Group reduced their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. 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, MeridianLink currently has an average rating of “Hold” and a consensus target price of $19.42.

MeridianLink Stock Up 0.7%

NYSE:MLNK opened at $17.72 on Thursday. The firm’s 50-day moving average price is $16.71 and its 200-day moving average price is $18.94. The company has a market capitalization of $1.37 billion, a PE ratio of -26.45 and a beta of 0.93. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. MeridianLink, Inc. has a 1-year low of $15.57 and a 1-year high of $25.33.

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