WCM Investment Management LLC lessened its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,124,498 shares of the company's stock after selling 35,092 shares during the period. WCM Investment Management LLC owned 1.49% of MeridianLink worth $23,277,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in shares of MeridianLink by 5.1% during the third quarter. FMR LLC now owns 23,408 shares of the company's stock valued at $482,000 after purchasing an additional 1,139 shares during the period. The Manufacturers Life Insurance Company raised its stake in MeridianLink by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock worth $346,000 after buying an additional 1,490 shares during the period. SG Americas Securities LLC boosted its holdings in MeridianLink by 94.9% in the fourth 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 in the last quarter. Barclays PLC boosted its holdings in MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company's stock worth $872,000 after acquiring an additional 32,808 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in MeridianLink in the third quarter valued at approximately $823,000. 82.65% of the stock is owned by institutional investors.
Shares of NYSE:MLNK opened at $19.16 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The stock's fifty day simple moving average is $20.76 and its two-hundred day simple moving average is $21.81. MeridianLink, Inc. has a 1-year low of $16.49 and a 1-year high of $25.33.
MeridianLink (NYSE:MLNK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.17). The firm had revenue of $80.37 million for the quarter, compared to the consensus estimate of $79.54 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. Research analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current year.
A number of equities analysts recently issued reports on MLNK shares. UBS Group upgraded MeridianLink from a "sell" rating to a "neutral" rating and increased their target price for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James upped their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $28.00 to $18.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.08.
Check Out Our Latest Analysis on MeridianLink
In other news, major shareholder Timothy Nguyen sold 100,000 shares of MeridianLink stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the sale, the insider now directly owns 10,928,412 shares in the company, valued at $256,817,682. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nicolaas Vlok sold 29,217 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $22.80, for a total transaction of $666,147.60. Following the transaction, the chief executive officer now owns 1,043,382 shares of the company's stock, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 286,488 shares of company stock valued at $6,525,738 in the last 90 days. 21.30% of the stock is currently owned by corporate insiders.
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.
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