Ulysses Management LLC Decreases Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Ulysses Management LLC decreased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 76.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 400,000 shares of the technology company's stock after selling 1,295,018 shares during the quarter. Cantaloupe comprises approximately 0.6% of Ulysses Management LLC's investment portfolio, making the stock its 19th largest position. Ulysses Management LLC owned approximately 0.55% of Cantaloupe worth $3,804,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Cantaloupe during the 4th quarter valued at $40,000. Parkside Financial Bank & Trust acquired a new position in shares of Cantaloupe during the 4th quarter valued at $47,000. New York State Common Retirement Fund lifted its position 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 valued at $75,000 after acquiring an additional 3,400 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Cantaloupe during the 4th quarter valued at $77,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Cantaloupe during the fourth quarter worth $91,000. Institutional investors own 75.75% of the company's stock.

Cantaloupe Stock Down 3.6%

Shares of NASDAQ CTLP traded down $0.32 during trading on Friday, hitting $8.47. The stock had a trading volume of 632,066 shares, compared to its average volume of 415,321. The company has a market capitalization of $618.80 million, a PE ratio of 42.35 and a beta of 1.08. The firm has a fifty day moving average of $7.88 and a two-hundred day moving average of $8.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. Cantaloupe, Inc. has a 12 month low of $5.82 and a 12 month high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. The business had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. As a group, equities research analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CTLP. Wall Street Zen downgraded shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of Cantaloupe in a report on Wednesday. Finally, Benchmark upped their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Cantaloupe has an average rating of "Buy" and a consensus price target of $12.50.

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.