Ameriprise Financial Inc. Acquires 7,083 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Ameriprise Financial Inc. grew its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,280 shares of the technology company’s stock after buying an additional 7,083 shares during the quarter. Ameriprise Financial Inc. owned 0.13% of Cantaloupe worth $887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers raised its position in Cantaloupe by 4.1% in the 4th quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock valued at $770,000 after buying an additional 3,221 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Cantaloupe by 75.8% in the 4th 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. Price T Rowe Associates Inc. MD raised its holdings in shares of Cantaloupe by 18.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,283 shares of the technology company’s stock valued at $212,000 after purchasing an additional 3,462 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cantaloupe by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 479,346 shares of the technology company’s stock valued at $4,559,000 after purchasing an additional 3,888 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Cantaloupe during the fourth quarter valued at about $40,000. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CTLP shares. Benchmark increased their price objective 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. Wall Street Zen lowered Cantaloupe from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of Cantaloupe in a report on Wednesday, May 21st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cantaloupe has a consensus rating of “Buy” and an average price target of $12.50.

Cantaloupe Stock Performance

NASDAQ CTLP opened at $8.76 on Tuesday. The company has a market capitalization of $639.99 million, a PE ratio of 43.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The company has a 50-day simple moving average of $7.97 and a 200 day simple moving average of $8.70.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $79.83 million. On average, research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.

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.