32,158 Shares in MeridianLink, Inc. (NYSE:MLNK) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,158 shares of the company's stock, valued at approximately $664,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of MeridianLink in the fourth quarter worth $234,000. Counterpoint Mutual Funds LLC bought a new stake in shares of MeridianLink in the 4th quarter worth about $384,000. AlphaQuest LLC acquired a new stake in shares of MeridianLink in the 4th quarter valued at about $421,000. SG Americas Securities LLC lifted its position in shares of MeridianLink by 94.9% during the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock worth $452,000 after purchasing an additional 10,654 shares during the last quarter. Finally, FMR LLC grew its stake in MeridianLink by 5.1% in the third quarter. FMR LLC now owns 23,408 shares of the company's stock worth $482,000 after purchasing an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Price Performance

Shares of MeridianLink stock traded down $1.15 on Thursday, hitting $17.16. The company had a trading volume of 40,062 shares, compared to its average volume of 273,150. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.33. The company has a market cap of $1.31 billion, a PE ratio of -25.63 and a beta of 1.01. The business has a 50-day simple moving average of $19.20 and a 200-day simple moving average of $20.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

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Analysts Set New Price Targets

A number of research analysts have commented on MLNK shares. Bank of America downgraded MeridianLink from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Citigroup reduced their price objective on MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. UBS Group reduced their price target on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays lowered their price objective on shares of MeridianLink from $20.00 to $19.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, MeridianLink has an average rating of "Hold" and a consensus target price of $20.58.

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.