MeridianLink, Inc. (NYSE:MLNK) Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,100 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Swiss National Bank’s holdings in MeridianLink were worth $1,220,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MLNK. Proficio Capital Partners LLC purchased a new position in shares of MeridianLink during the fourth quarter worth $234,000. AlphaQuest LLC acquired a new stake in MeridianLink during the 4th quarter worth about $421,000. SG Americas Securities LLC raised its stake in shares of MeridianLink by 94.9% during the 4th 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. FMR LLC raised its stake in shares of MeridianLink by 5.1% during the 3rd 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 last quarter. Finally, Centiva Capital LP acquired a new position in shares of MeridianLink in the 3rd quarter valued at about $823,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Citigroup dropped their price objective on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Bank of America cut shares of MeridianLink from a “buy” rating to an “underperform” rating and decreased their target price for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Raymond James dropped their price target on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Finally, UBS Group decreased their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, MeridianLink has a consensus rating of “Hold” and an average target price of $20.58.

MeridianLink Price Performance

MeridianLink stock opened at $18.64 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day moving average price is $19.28 and its 200 day moving average price is $20.95. The stock has a market capitalization of $1.43 billion, a P/E ratio of -27.82 and a beta of 1.01. MeridianLink, Inc. has a 1 year low of $16.49 and a 1 year high of $25.33.

About MeridianLink

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.