1,426,665 Shares in MeridianLink, Inc. (NYSE:MLNK) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new position in MeridianLink, Inc. (NYSE:MLNK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,426,665 shares of the company's stock, valued at approximately $29,461,000. Victory Capital Management Inc. owned approximately 1.89% of MeridianLink as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MLNK. WCM Investment Management LLC boosted its stake in shares of MeridianLink by 1.0% during the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company's stock worth $24,340,000 after purchasing an additional 12,002 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company's stock worth $4,486,000 after purchasing an additional 42,302 shares during the last quarter. FMR LLC boosted its position 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 buying an additional 1,139 shares during the period. Centiva Capital LP purchased a new position in shares of MeridianLink during the third quarter valued at approximately $823,000. Finally, Maven Securities LTD bought a new position in shares of MeridianLink during the third quarter valued at approximately $5,377,000. 82.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total value of $1,515,729.66. Following the sale, the chief executive officer now owns 1,043,382 shares in the company, valued at $22,088,396.94. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.30% of the stock is currently owned by insiders.

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MeridianLink Stock Performance

Shares of MLNK stock traded down $0.04 during mid-day trading on Friday, reaching $19.20. The stock had a trading volume of 271,975 shares, compared to its average volume of 265,953. MeridianLink, Inc. has a 1-year low of $16.49 and a 1-year high of $25.33. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -28.66 and a beta of 1.01. 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 business's fifty day moving average is $19.34 and its 200-day moving average is $21.25.

Analyst Ratings Changes

A number of research firms have weighed in on MLNK. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Citigroup reduced their target price on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Raymond James lowered their target price on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Bank of America lowered MeridianLink from a "buy" rating to an "underperform" rating and cut their price target for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, Barclays reduced their price target on shares of MeridianLink from $20.00 to $19.00 and set an "underweight" rating for the company in a report on Friday, March 7th. 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 stock. Based on data from MarketBeat, MeridianLink currently has an average rating of "Hold" and an average target price 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.