Invesco Ltd. Acquires 376,033 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Invesco Ltd. boosted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 1,768.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,299 shares of the technology company's stock after buying an additional 376,033 shares during the period. Invesco Ltd. owned approximately 0.54% of Cantaloupe worth $3,778,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Samjo Management LLC raised its stake in Cantaloupe by 1.2% during the 4th quarter. Samjo Management LLC now owns 798,450 shares of the technology company's stock valued at $7,593,000 after purchasing an additional 9,600 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Cantaloupe in the fourth quarter valued at about $119,000. Arrowstreet Capital Limited Partnership acquired a new stake in Cantaloupe during the fourth quarter worth about $2,011,000. JPMorgan Chase & Co. increased its stake in Cantaloupe by 220.5% during the fourth quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company's stock valued at $3,395,000 after acquiring an additional 245,579 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Cantaloupe by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock valued at $33,657,000 after acquiring an additional 212,456 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Performance

Cantaloupe stock opened at $7.88 on Monday. Cantaloupe, Inc. has a 52-week low of $5.75 and a 52-week 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 stock has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $8.85. The firm has a market capitalization of $575.52 million, a P/E ratio of 39.40 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same quarter in the prior year, the company posted $0.04 earnings per share. As a group, analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Cantaloupe in a research report on Thursday, March 27th. Benchmark lifted their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th.

About Cantaloupe

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.

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