MeridianLink, Inc. (NYSE:MLNK) Stake Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in MeridianLink, Inc. (NYSE:MLNK) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,582 shares of the company’s stock after selling 3,343 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MeridianLink were worth $1,020,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MLNK. Charles Schwab Investment Management Inc. increased its holdings in shares of MeridianLink by 24.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock valued at $4,486,000 after purchasing an additional 42,302 shares during the period. SG Americas Securities LLC acquired a new position in MeridianLink during the 3rd quarter valued at about $231,000. Seven Grand Managers LLC acquired a new stake in shares of MeridianLink in the 3rd quarter worth approximately $2,057,000. Dimensional Fund Advisors LP boosted its holdings in shares of MeridianLink by 23.3% in the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after acquiring an additional 150,712 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after acquiring an additional 5,988 shares during the period. Institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

MLNK stock opened at $21.41 on Thursday. MeridianLink, Inc. has a one year low of $16.49 and a one year high of $25.88. The firm has a market capitalization of $1.62 billion, a PE ratio of -31.96 and a beta of 0.99. 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 firm has a 50-day moving average of $22.42 and a two-hundred day moving average of $22.12.

Insider Transactions at MeridianLink

In other news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the transaction, the insider now owns 28,932,388 shares in the company, valued at $609,026,767.40. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Nguyen sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the transaction, the insider now owns 10,928,412 shares in the company, valued at $256,817,682. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,864,890 shares of company stock valued at $144,992,509 over the last three months. 21.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MLNK has been the subject of a number of research analyst reports. Raymond James upped their target price on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $22.50 in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, MeridianLink currently has a consensus rating of “Hold” and an average target price of $22.90.

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.