Arrowstreet Capital Limited Partnership Purchases 220,240 Shares of MeridianLink, Inc. (NYSE:MLNK)

Arrowstreet Capital Limited Partnership lifted its holdings in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 123.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 398,389 shares of the company's stock after purchasing an additional 220,240 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.53% of MeridianLink worth $8,227,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock worth $67,443,000 after buying an additional 310,228 shares in the last quarter. Victory Capital Management Inc. bought a new stake in MeridianLink during the fourth quarter worth about $29,461,000. State Street Corp raised its holdings in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company's stock worth $13,724,000 after acquiring an additional 114,578 shares in the last quarter. Geode Capital Management LLC boosted its position in MeridianLink by 12.2% during the third 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in MeridianLink by 9.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Stock Performance

Shares of NYSE MLNK traded up $0.02 during mid-day trading on Friday, reaching $16.62. 218,737 shares of the company were exchanged, compared to its average volume of 278,487. The stock has a market capitalization of $1.27 billion, a P/E ratio of -24.81 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. The company's 50-day simple moving average is $18.60 and its 200-day simple moving average is $20.44. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Barclays dropped their price target on shares of MeridianLink from $20.00 to $19.00 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Citigroup decreased their price objective on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Raymond James dropped their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Bank of America cut MeridianLink from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $20.58.

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.