Price T Rowe Associates Inc. MD Has $212,000 Stock Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Price T Rowe Associates Inc. MD grew its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,283 shares of the technology company’s stock after acquiring an additional 3,462 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Cantaloupe were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CTLP. JPMorgan Chase & Co. raised its stake in shares of Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after acquiring an additional 86,109 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Cantaloupe in the fourth quarter valued at approximately $153,000. SG Americas Securities LLC raised its stake in shares of Cantaloupe by 25.3% in the fourth quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock valued at $265,000 after acquiring an additional 5,612 shares during the last quarter. Anderson Hoagland & Co. bought a new position in shares of Cantaloupe in the fourth quarter valued at approximately $1,837,000. Finally, Rhumbline Advisers raised its stake in shares of Cantaloupe by 4.1% in the fourth quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock valued at $770,000 after acquiring an additional 3,221 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

CTLP stock opened at $8.49 on Friday. 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 company has a 50 day moving average price of $7.80 and a 200 day moving average price of $8.75. Cantaloupe, Inc. has a fifty-two week low of $5.82 and a fifty-two week high of $11.36. The stock has a market capitalization of $620.07 million, a PE ratio of 42.45 and a beta of 1.08.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. The company had revenue of $75.43 million during the quarter, compared to the consensus estimate of $79.83 million. Analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CTLP. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a research note 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 note on Wednesday, February 26th.

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.