Barclays PLC Acquires 32,808 Shares of MeridianLink, Inc. (NYSE:MLNK)

Barclays PLC grew its holdings in MeridianLink, Inc. (NYSE:MLNK) by 342.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,399 shares of the company’s stock after buying an additional 32,808 shares during the quarter. Barclays PLC’s holdings in MeridianLink were worth $872,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC grew its position in MeridianLink by 1.0% during the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock worth $24,340,000 after purchasing an additional 12,002 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after purchasing an additional 150,712 shares during the last quarter. State Street Corp grew its position in MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after purchasing an additional 114,578 shares during the last quarter. Geode Capital Management LLC grew its position in MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after purchasing an additional 65,834 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in MeridianLink during the 3rd quarter worth approximately $8,598,000. Institutional investors own 82.65% of the company’s stock.

MeridianLink Stock Performance

MLNK opened at $19.38 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a fifty day moving average price of $21.98 and a 200 day moving average price of $22.11. MeridianLink, Inc. has a 1 year low of $16.49 and a 1 year high of $25.33. The stock has a market cap of $1.46 billion, a P/E ratio of -28.93 and a beta of 1.02.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James lifted their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $18.00 to $22.50 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, MeridianLink currently has an average rating of “Hold” and an average target price of $22.90.

Insider Activity at MeridianLink

In related news, major shareholder Timothy Nguyen sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00. Following the completion of the transaction, the insider now directly owns 10,928,412 shares in the company, valued at $256,817,682. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicolaas Vlok sold 29,217 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $22.80, for a total transaction of $666,147.60. Following the completion of the transaction, the chief executive officer now owns 1,043,382 shares of the company’s stock, valued at approximately $23,789,109.60. This represents a 2.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 936,488 shares of company stock worth $20,208,238 in the last three months. Company insiders own 21.30% of the company’s stock.

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.