Advisor Resource Council Takes $578,000 Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Advisor Resource Council acquired a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,655 shares of the technology company's stock, valued at approximately $578,000. Advisor Resource Council owned 0.10% of Cantaloupe as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in shares of Cantaloupe by 600.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company's stock valued at $10,303,000 after acquiring an additional 930,061 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Cantaloupe by 102.7% in the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock valued at $8,561,000 after purchasing an additional 456,199 shares during the last quarter. Invesco Ltd. lifted its holdings in Cantaloupe by 1,768.2% in the 4th quarter. Invesco Ltd. now owns 397,299 shares of the technology company's stock valued at $3,778,000 after purchasing an additional 376,033 shares in the last quarter. Royce & Associates LP lifted its holdings in Cantaloupe by 99.6% in the 4th quarter. Royce & Associates LP now owns 563,000 shares of the technology company's stock valued at $5,354,000 after purchasing an additional 281,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Cantaloupe by 220.5% during the 4th quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company's stock worth $3,395,000 after purchasing an additional 245,579 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Trading Down 0.2%

CTLP stock traded down $0.02 during trading on Thursday, reaching $10.99. 1,670,933 shares of the stock were exchanged, compared to its average volume of 632,441. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $802.93 million, a price-to-earnings ratio of 13.91 and a beta of 1.09. The business has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.83. Cantaloupe, Inc. has a 1 year low of $5.82 and a 1 year high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. The firm had revenue of $75.43 million for the quarter, compared to analyst estimates of $79.83 million. On average, research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTLP has been the subject of a number of recent research reports. B. Riley cut shares of Cantaloupe from a "buy" rating to a "neutral" rating and reduced their target price for the company from $11.50 to $11.20 in a research report on Tuesday, June 17th. 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 downgraded shares of Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. Northland Capmk cut Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Benchmark cut Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.24.

About Cantaloupe

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.