Cantaloupe, Inc. (NASDAQ:CTLP) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 272.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 113,920 shares of the technology company's stock after acquiring an additional 83,316 shares during the period. Barclays PLC owned about 0.16% of Cantaloupe worth $843,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CTLP. The Manufacturers Life Insurance Company raised its holdings in shares of Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company's stock valued at $159,000 after acquiring an additional 3,210 shares during the last quarter. Quarry LP purchased a new stake in shares of Cantaloupe during the third quarter worth $26,000. Susquehanna Fundamental Investments LLC raised its position in shares of Cantaloupe by 7.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company's stock valued at $357,000 after buying an additional 3,690 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company's stock worth $116,000 after buying an additional 3,975 shares in the last quarter. Finally, Zacks Investment Management boosted its position in Cantaloupe by 18.0% during the third quarter. Zacks Investment Management now owns 32,586 shares of the technology company's stock worth $241,000 after acquiring an additional 4,971 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Cantaloupe Trading Up 0.4 %

Shares of CTLP stock traded up $0.03 during trading hours on Thursday, hitting $8.14. The company had a trading volume of 143,848 shares, compared to its average volume of 265,669. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $10.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. The company's fifty day moving average is $9.19 and its 200 day moving average is $8.05. The stock has a market capitalization of $594.14 million, a PE ratio of 47.86 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The business had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same period last year, the business posted $0.02 earnings per share. Research analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CTLP has been the topic of a number of research reports. Benchmark raised their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Northland Securities lifted their price target on Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Finally, Barrington Research reissued an "outperform" rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Monday, November 4th.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.