Raymond James Financial Inc. purchased a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 95,437 shares of the technology company's stock, valued at approximately $908,000. Raymond James Financial Inc. owned about 0.13% of Cantaloupe as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of CTLP. Disciplined Growth Investors Inc. MN lifted its holdings in Cantaloupe by 0.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company's stock worth $11,902,000 after buying an additional 7,114 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cantaloupe by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company's stock valued at $10,111,000 after acquiring an additional 46,518 shares in the last quarter. State Street Corp lifted its stake in Cantaloupe by 2.4% during the third quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock worth $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cantaloupe by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 479,346 shares of the technology company's stock worth $4,559,000 after purchasing an additional 3,888 shares during the period. Finally, Anderson Hoagland & Co. acquired a new stake in shares of Cantaloupe during the fourth quarter worth $1,837,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CTLP. Barrington Research reiterated an "outperform" rating and set a $14.00 price objective on shares of Cantaloupe in a research note on Thursday, March 27th. Benchmark increased their price target on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th.
Read Our Latest Analysis on CTLP
Cantaloupe Stock Performance
Shares of CTLP stock traded up $0.71 during trading hours on Wednesday, reaching $7.95. The stock had a trading volume of 863,028 shares, compared to its average volume of 393,414. The firm has a market capitalization of $580.63 million, a PE ratio of 39.75 and a beta of 1.45. The firm has a 50-day simple moving average of $8.86 and a 200-day simple moving average of $8.86. Cantaloupe, Inc. has a twelve month low of $5.75 and a twelve 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.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 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 period last year, the company earned $0.04 EPS. As a group, equities analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.
About Cantaloupe
(
Free Report)
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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