Cantaloupe, Inc. (NASDAQ:CTLP) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,308 shares of the technology company’s stock after purchasing an additional 38,175 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Cantaloupe worth $1,258,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CTLP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cantaloupe by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,719 shares of the technology company’s stock worth $844,000 after buying an additional 2,792 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Cantaloupe by 4.1% during the 4th quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock worth $770,000 after acquiring an additional 3,221 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Cantaloupe by 75.8% during 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 grew its holdings in shares of Cantaloupe by 18.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,283 shares of the technology company’s stock worth $212,000 after acquiring an additional 3,462 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Cantaloupe by 0.8% in the 4th 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. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Price Performance

NASDAQ:CTLP opened at $9.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $8.07 and its 200 day moving average price is $8.70. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The firm has a market cap of $686.01 million, a P/E ratio of 46.95 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $79.83 million. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. As a group, sell-side analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CTLP shares. Wall Street Zen cut shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a research note on Wednesday, May 21st. Finally, Benchmark upped their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cantaloupe presently has an average rating of “Buy” and an average target price of $12.50.

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.