First Eagle Investment Management LLC Acquires 49,000 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

First Eagle Investment Management LLC increased its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 602,197 shares of the technology company's stock after purchasing an additional 49,000 shares during the period. First Eagle Investment Management LLC owned approximately 0.83% of Cantaloupe worth $5,727,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in Cantaloupe during the third quarter worth approximately $26,000. Parkside Financial Bank & Trust acquired a new stake in Cantaloupe during the fourth quarter worth approximately $47,000. New York State Common Retirement Fund boosted its holdings in Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock worth $75,000 after acquiring an additional 3,400 shares in the last quarter. Truist Financial Corp bought a new position in Cantaloupe in the fourth quarter worth approximately $111,000. Finally, Quantbot Technologies LP boosted its holdings in 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 acquiring an additional 3,975 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Cantaloupe Stock Down 0.9 %

Shares of CTLP stock traded down $0.07 during trading hours on Thursday, reaching $7.65. The company had a trading volume of 219,644 shares, compared to its average volume of 367,638. Cantaloupe, Inc. has a 12 month low of $5.75 and a 12 month high of $11.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. The business has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $8.73. The company has a market cap of $558.72 million, a price-to-earnings ratio of 38.25 and a beta of 1.64.

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Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period last year, the firm earned $0.04 EPS. On average, research analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CTLP has been the topic of several recent research reports. Benchmark increased their price target on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Barrington Research increased their price target on Cantaloupe from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th.

Cantaloupe Company 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.