Cantaloupe, Inc. (NASDAQ:CTLP) is Samjo Management LLC’s 9th Largest Position

Samjo Management LLC boosted its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 798,450 shares of the technology company’s stock after acquiring an additional 9,600 shares during the quarter. Cantaloupe comprises 2.9% of Samjo Management LLC’s investment portfolio, making the stock its 9th biggest holding. Samjo Management LLC’s holdings in Cantaloupe were worth $7,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after purchasing an additional 83,316 shares during the period. Charles Schwab Investment Management Inc. raised its position in Cantaloupe by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock worth $3,518,000 after buying an additional 21,938 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cantaloupe by 340.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after acquiring an additional 86,109 shares during the period. Geode Capital Management LLC lifted its stake in shares of Cantaloupe by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after acquiring an additional 46,518 shares during the period. Finally, State Street Corp boosted its holdings in shares of Cantaloupe by 2.4% in the third quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock valued at $9,160,000 after acquiring an additional 29,460 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $14.00 price target on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark boosted their target price on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Cantaloupe Stock Performance

Shares of CTLP opened at $7.47 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 52-week low of $5.75 and a 52-week high of $11.36. The company has a 50-day simple moving average of $8.94 and a 200-day simple moving average of $8.83. The company has a market capitalization of $545.57 million, a PE ratio of 37.35 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period in the previous year, the company posted $0.04 EPS. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

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.