Mackenzie Financial Corp Purchases New Holdings in MeridianLink, Inc. (NYSE:MLNK)

Mackenzie Financial Corp purchased a new stake in MeridianLink, Inc. (NYSE:MLNK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,227 shares of the company’s stock, valued at approximately $708,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MLNK. American Century Companies Inc. raised its stake in MeridianLink by 39.4% during the fourth quarter. American Century Companies Inc. now owns 39,502 shares of the company’s stock valued at $816,000 after buying an additional 11,163 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $124,000. Vanguard Group Inc. increased its position in MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after acquiring an additional 310,228 shares during the period. Corebridge Financial Inc. increased its position in MeridianLink by 12.8% in the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock valued at $336,000 after acquiring an additional 1,839 shares during the period. Finally, JPMorgan Chase & Co. increased its position in MeridianLink by 920.0% in the 4th quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company’s stock valued at $4,472,000 after acquiring an additional 195,333 shares during the period. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus lowered their target price on MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, May 13th. BTIG Research upgraded MeridianLink to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Friday, August 1st. Finally, Barclays lowered their price target on MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MeridianLink currently has a consensus rating of “Hold” and a consensus target price of $19.50.

MeridianLink Stock Up 2.8%

Shares of MeridianLink stock opened at $16.38 on Thursday. The stock’s fifty day moving average is $16.51 and its 200-day moving average is $17.56. The firm has a market capitalization of $1.26 billion, a PE ratio of -43.11 and a beta of 0.91. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.07. MeridianLink, Inc. has a 12-month low of $15.49 and a 12-month high of $25.33.

MeridianLink (NYSE:MLNK) last announced its 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 for the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative return on equity of 5.14% and a negative net margin of 9.11%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Equities analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current 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.