UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 38,175 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 0.18% of Cantaloupe worth $1,258,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CTLP. Harvest Fund Management Co. Ltd bought a new stake in Cantaloupe during the 4th quarter valued at $40,000. Parkside Financial Bank & Trust bought a new stake in Cantaloupe during the 4th quarter valued at $47,000. New York State Common Retirement Fund raised its holdings in 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 valued at $75,000 after acquiring an additional 3,400 shares during the period. BNP Paribas Financial Markets bought a new stake in Cantaloupe during the 4th quarter valued at $77,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Cantaloupe during the 4th quarter valued at $91,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Cantaloupe Price Performance

Shares of CTLP traded down $0.10 during mid-day trading on Friday, reaching $9.50. 717,395 shares of the stock traded hands, compared to its average volume of 456,695. The firm has a fifty day moving average price of $8.20 and a 200 day moving average price of $8.71. The company has a market cap of $694.05 million, a price-to-earnings ratio of 47.50 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. 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 released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The firm had revenue of $75.43 million for 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, equities research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CTLP shares. Benchmark boosted 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. Wall Street Zen lowered shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of Cantaloupe in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.