Bank of New York Mellon Corp Decreases Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Bank of New York Mellon Corp lowered its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,507 shares of the technology company’s stock after selling 5,316 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of Cantaloupe worth $1,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CTLP. ProShare Advisors LLC increased its position in shares of Cantaloupe by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company’s stock valued at $156,000 after buying an additional 5,412 shares in the last quarter. Rhumbline Advisers grew its stake in Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock valued at $659,000 after acquiring an additional 2,725 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Cantaloupe by 18.8% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $906,000 after acquiring an additional 15,100 shares in the last quarter. Ameriprise Financial Inc. raised its position in Cantaloupe by 8.2% during the fourth quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company’s stock worth $887,000 after acquiring an additional 7,083 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Cantaloupe in the fourth quarter valued at about $821,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Stock Performance

Shares of CTLP opened at $11.07 on Friday. Cantaloupe, Inc. has a fifty-two week low of $5.82 and a fifty-two week high of $11.36. The company has a market capitalization of $811.32 million, a PE ratio of 14.01 and a beta of 1.17. The stock has a fifty day moving average of $10.36 and a two-hundred day moving average of $9.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.22 and a current ratio of 1.79.

Cantaloupe (NASDAQ:CTLP) last released its 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). Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. The business had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million. As a group, analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Northland Capmk cut shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Wall Street Zen downgraded Cantaloupe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Benchmark cut Cantaloupe from a “buy” rating to a “hold” rating in a report on Tuesday, June 17th. B. Riley lowered Cantaloupe from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $11.50 to $11.20 in a research note on Tuesday, June 17th. Finally, Barrington Research downgraded shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.24.

Cantaloupe Company 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.