Swiss National Bank Has $1.22 Million Stake in MeridianLink, Inc. (NYSE:MLNK)

Swiss National Bank lifted its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,100 shares of the company's stock after acquiring an additional 14,000 shares during the quarter. Swiss National Bank owned 0.08% of MeridianLink worth $1,220,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. AlphaQuest LLC bought a new position in shares of MeridianLink during the fourth quarter worth about $421,000. Proficio Capital Partners LLC acquired a new stake in MeridianLink during the fourth quarter valued at approximately $234,000. Victory Capital Management Inc. bought a new position in MeridianLink during the 4th quarter worth approximately $29,461,000. Charles Schwab Investment Management Inc. grew its position in shares of MeridianLink by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock worth $4,936,000 after acquiring an additional 20,928 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of MeridianLink by 10.0% in the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock worth $1,004,000 after acquiring an additional 4,404 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Price Performance

MLNK stock traded down $0.48 during trading hours on Wednesday, hitting $18.28. 333,629 shares of the stock traded hands, compared to its average volume of 274,043. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $20.85. MeridianLink, Inc. has a one year low of $16.49 and a one year high of $25.33. The company has a market cap of $1.40 billion, a P/E ratio of -27.28 and a beta of 1.01.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Raymond James cut 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. William Blair reissued an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Citigroup cut their target price on MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Bank of America cut MeridianLink from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, Barclays cut their price objective 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average 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.