WCM Investment Management LLC Reduces Stake in MeridianLink, Inc. (NYSE:MLNK)

WCM Investment Management LLC lessened its stake in shares of MeridianLink, Inc. (NYSE:MLNK) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,124,498 shares of the company’s stock after selling 35,092 shares during the quarter. WCM Investment Management LLC’s holdings in MeridianLink were worth $23,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MLNK. Geode Capital Management LLC grew its stake in MeridianLink by 12.2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after acquiring an additional 65,834 shares in the last quarter. Barclays PLC grew its position in shares of MeridianLink by 342.1% during the 3rd quarter. Barclays PLC now owns 42,399 shares of the company’s stock valued at $872,000 after purchasing an additional 32,808 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock worth $4,486,000 after purchasing an additional 42,302 shares during the period. SG Americas Securities LLC purchased a new stake in shares of MeridianLink in the third quarter worth $231,000. Finally, Maven Securities LTD bought a new stake in MeridianLink during the third quarter valued at $5,377,000. 82.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MeridianLink

In other MeridianLink news, major shareholder Timothy Nguyen sold 1,701 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $23.05, for a total transaction of $39,208.05. Following the completion of the sale, the insider now owns 10,728,234 shares of the company’s stock, valued at $247,285,793.70. This represents a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolaas Vlok sold 71,598 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $22,088,396.94. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 286,488 shares of company stock worth $6,525,738. 21.30% of the stock is currently owned by insiders.

MeridianLink Price Performance

MeridianLink stock opened at $19.16 on Friday. The firm has a fifty day simple moving average of $20.76 and a two-hundred day simple moving average of $21.81. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

MeridianLink (NYSE:MLNK) last issued its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.17). The company had revenue of $80.37 million for the quarter, compared to analysts’ expectations of $79.54 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. On average, research analysts predict that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MLNK shares. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and upped their target price for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Raymond James upped their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their target price for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.08.

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.