UMB Bank n.a. Buys New Shares in Cantaloupe, Inc. (NASDAQ:CTLP)

UMB Bank n.a. purchased a new position in Cantaloupe, Inc. (NASDAQ:CTLP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,072 shares of the technology company’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of Cantaloupe by 20.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after buying an additional 271,782 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in shares of Cantaloupe by 0.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock valued at $11,902,000 after acquiring an additional 7,114 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after purchasing an additional 46,518 shares during the period. State Street Corp lifted its holdings in shares of Cantaloupe by 2.4% in the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after purchasing an additional 29,460 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cantaloupe by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the period. 75.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTLP has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Monday, November 4th. Benchmark boosted their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Northland Securities raised their target price on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Cantaloupe Stock Up 0.1 %

Cantaloupe stock opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The stock has a market cap of $603.63 million, a PE ratio of 48.65 and a beta of 1.64. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $10.48. The firm’s 50-day simple moving average is $9.08 and its 200 day simple moving average is $8.11.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same period last year, the business posted $0.02 earnings per share. Research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

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.