Teacher Retirement System of Texas Makes New $664,000 Investment in MeridianLink, Inc. (NYSE:MLNK)

Teacher Retirement System of Texas acquired a new position in shares of MeridianLink, Inc. (NYSE:MLNK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 32,158 shares of the company’s stock, valued at approximately $664,000.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in MeridianLink in the fourth quarter valued at $234,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of MeridianLink in the 4th quarter valued at about $384,000. AlphaQuest LLC purchased a new stake in shares of MeridianLink in the 4th quarter valued at about $421,000. SG Americas Securities LLC boosted its position in shares of MeridianLink by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock valued at $452,000 after purchasing an additional 10,654 shares during the period. Finally, FMR LLC grew its stake in MeridianLink by 5.1% during the 3rd quarter. FMR LLC now owns 23,408 shares of the company’s stock worth $482,000 after buying an additional 1,139 shares during the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Stock Down 3.1 %

MLNK stock opened at $18.64 on Monday. The stock has a market capitalization of $1.43 billion, a PE ratio of -27.82 and a beta of 1.01. The company has a fifty day moving average of $19.28 and a 200-day moving average of $20.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink, Inc. has a one year low of $16.49 and a one year high of $25.33.

Wall Street Analysts Forecast Growth

MLNK has been the subject of a number of research reports. Barclays reduced their price objective on MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company 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 lowered their price objective 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 downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, Citigroup dropped their price target on MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research 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. According to MarketBeat, the company presently has a consensus 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.