Charles Schwab Investment Management Inc. Acquires 20,928 Shares of MeridianLink, Inc. (NYSE:MLNK)

Charles Schwab Investment Management Inc. grew its position in shares of MeridianLink, Inc. (NYSE:MLNK) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,032 shares of the company’s stock after acquiring an additional 20,928 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.32% of MeridianLink worth $4,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MLNK. Polar Asset Management Partners Inc. purchased a new position in MeridianLink in the third quarter worth $8,598,000. Maven Securities LTD bought a new position in MeridianLink in the 3rd quarter worth about $5,377,000. State Street Corp grew its stake in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after acquiring an additional 114,578 shares in the last quarter. Geode Capital Management LLC grew its position in shares of MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after purchasing an additional 65,834 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in MeridianLink during the third quarter worth about $823,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MLNK shares. Bank of America downgraded 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. Raymond James reduced 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. Barclays decreased their price target on shares of MeridianLink from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Citigroup decreased their target price 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, MeridianLink presently has a consensus rating of “Hold” and a consensus price target of $20.58.

MeridianLink Trading Down 1.1 %

NYSE:MLNK opened at $19.28 on Wednesday. The firm has a market capitalization of $1.48 billion, a P/E ratio of -28.78 and a beta of 1.01. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average of $19.31 and a 200 day moving average of $21.03.

MeridianLink 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.