1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership grew its holdings in MeridianLink, Inc. ( NYSE:MLNK – Free Report ) by 123.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 398,389 shares of the company’s stock after acquiring an additional 220,240 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.53% of MeridianLink worth $8,227,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in MeridianLink by 920.
0% in the fourth quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company’s stock valued at $4,472,000 after purchasing an additional 195,333 shares during the last quarter.
Corebridge Financial Inc. boosted its stake in shares of MeridianLink by 12.8% in the fourth quarter.
Corebridge Financial Inc. now owns 16,260 shares of the company’s stock worth $336,000 after buying an additional 1,839 shares during the last quarter. Vanguard Group Inc.
grew its holdings in MeridianLink by 10.5% during the fourth quarter. Vanguard Group Inc.
now owns 3,266,023 shares of the company’s stock worth $67,443,000 after acquiring an additional 310,228 shares during the period. KLP Kapitalforvaltning AS purchased a new position in MeridianLink during the fourth quarter valued at approximately $124,000. Finally, American Century Companies Inc.
lifted its holdings in MeridianLink by 39.4% in the fourth quarter. American Century Companies Inc.
now owns 39,502 shares of the company’s stock valued at $816,000 after acquiring an additional 11,163 shares during the period. Institutional investors and hedge funds own 82.65% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Citigroup cut their price objective on shares of MeridianLink from $24.
00 to $20.00 and set a “neutral” rating for the company in a report on Friday, March 7th. UBS Group lowered their target price on shares of MeridianLink from $25.
50 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Bank of America lowered MeridianLink from a “buy” rating to an “underperform” rating and cut their price target for the company from $28.
00 to $18.00 in a research note on Thursday, January 30th. Finally, Barclays lowered their price target on MeridianLink from $20.
00 to $19.00 and set an “underweight” 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 given a hold rating and two have issued a buy rating to the stock.
Based on data from MarketBeat, MeridianLink has a consensus rating of “Hold” and a consensus target price of $20.58. MeridianLink Trading Down 5.
5 % Shares of MeridianLink stock opened at $16.63 on Monday. The company has a current ratio of 1.
86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.
MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.
33. The firm has a market capitalization of $1.27 billion, a PE ratio of -24.
82 and a beta of 0.96. The firm’s 50-day moving average price is $19.
08 and its 200 day moving average price is $20.74. MeridianLink Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than MeridianLink The Significance of Brokerage Rankings in Stock Selection Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? What Are Trending Stocks? Trending Stocks Explained Disney 2025 Shareholders: Major Updates for Investors Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Advance Auto Parts Stock: A Classic Rebound Play in the Making Want to see what other hedge funds are holding MLNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MeridianLink, Inc.
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