Charles Schwab Investment Management Inc. Buys 20,928 Shares of MeridianLink, Inc. (NYSE:MLNK)

Charles Schwab Investment Management Inc. lifted its position in shares of MeridianLink, Inc. (NYSE:MLNK) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 239,032 shares of the company’s stock after acquiring an additional 20,928 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MeridianLink were worth $4,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of MeridianLink in the fourth quarter worth $234,000. Rhumbline Advisers grew its stake in shares of MeridianLink by 10.0% during the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock valued at $1,004,000 after purchasing an additional 4,404 shares during the period. SG Americas Securities LLC increased its holdings in MeridianLink by 94.9% during the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock valued at $452,000 after buying an additional 10,654 shares during the last quarter. Barclays PLC increased its stake in shares of MeridianLink by 342.1% in the 3rd quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after purchasing an additional 32,808 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in MeridianLink by 12.2% in the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Price Performance

Shares of MLNK stock opened at $19.28 on Wednesday. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.33. 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 market capitalization of $1.48 billion, a price-to-earnings ratio of -28.78 and a beta of 1.01. The stock has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $21.03.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MLNK. Barclays decreased their price objective 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. Raymond James reduced their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. UBS Group decreased their target price 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. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, William Blair reissued an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, MeridianLink currently 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.