JPMorgan Chase & Co. Has $4.47 Million Stock Position in MeridianLink, Inc. (NYSE:MLNK)

JPMorgan Chase & Co. increased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 920.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,566 shares of the company's stock after acquiring an additional 195,333 shares during the period. JPMorgan Chase & Co. owned about 0.29% of MeridianLink worth $4,472,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Corebridge Financial Inc. grew its position in MeridianLink by 12.8% during the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock worth $336,000 after acquiring an additional 1,839 shares during the last quarter. Vanguard Group Inc. boosted 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 buying an additional 310,228 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in MeridianLink in the 4th quarter valued at $124,000. American Century Companies Inc. boosted its position in MeridianLink by 39.4% in the 4th 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 during the last quarter. Finally, Quantbot Technologies LP bought a new position in MeridianLink in the 4th quarter valued at $65,000. 82.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MLNK shares. Citigroup cut their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Barclays cut their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Raymond James dropped their price objective on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Finally, UBS Group decreased their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, MeridianLink currently has an average rating of "Hold" and an average price target of $20.08.

MeridianLink Stock Up 0.4 %

Shares of NYSE MLNK traded up $0.07 during trading hours on Thursday, hitting $16.47. The company had a trading volume of 15,901 shares, compared to its average volume of 277,137. The stock has a market capitalization of $1.26 billion, a P/E ratio of -24.55 and a beta of 0.96. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 1-year low of $15.57 and a 1-year high of $25.33. The firm's 50 day moving average is $18.15 and its 200-day moving average is $20.20.

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.