American Century Companies Inc. Has $404,000 Stake in MeridianLink, Inc. (NYSE:MLNK)

American Century Companies Inc. increased its stake in MeridianLink, Inc. (NYSE:MLNK) by 46.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,896 shares of the company’s stock after purchasing an additional 5,988 shares during the period. American Century Companies Inc.’s holdings in MeridianLink were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of MeridianLink in the second quarter valued at approximately $41,000. Russell Investments Group Ltd. increased its stake in MeridianLink by 26.4% in the 1st quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after buying an additional 3,226 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in MeridianLink in the 1st quarter valued at $325,000. Pure Financial Advisors LLC bought a new stake in MeridianLink during the 2nd quarter worth about $434,000. Finally, Rhumbline Advisers boosted its stake in shares of MeridianLink by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock worth $937,000 after buying an additional 2,633 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

Insider Buying and Selling at MeridianLink

In other news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the completion of the sale, the insider now owns 29,582,388 shares in the company, valued at $622,709,267.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MLNK shares. Barclays lifted their target price on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. UBS Group boosted their price target on MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus increased their price objective on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, MeridianLink currently has an average rating of “Hold” and an average target price of $20.60.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $20.21 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average price is $22.55 and its two-hundred day moving average price is $20.45. The company has a market cap of $1.55 billion, a PE ratio of -37.43 and a beta of 1.00. MeridianLink, Inc. has a twelve month low of $14.89 and a twelve month high of $25.88.

MeridianLink (NYSE:MLNK) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, analysts predict that MeridianLink, Inc. will post -0.27 EPS for the current year.

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.