Charles Schwab Investment Management Inc. Increases Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Charles Schwab Investment Management Inc. grew its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479,346 shares of the technology company’s stock after purchasing an additional 3,888 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.66% of Cantaloupe worth $4,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Cantaloupe by 4.1% during the 4th quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock valued at $770,000 after acquiring an additional 3,221 shares during the period. New York State Common Retirement Fund lifted its position in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares in the last quarter. Quarry LP bought a new stake in Cantaloupe during the third quarter valued at about $26,000. Quantbot Technologies LP increased its position in Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after buying an additional 3,975 shares in the last quarter. Finally, Zacks Investment Management raised its stake in shares of Cantaloupe by 18.0% in the third quarter. Zacks Investment Management now owns 32,586 shares of the technology company’s stock worth $241,000 after buying an additional 4,971 shares during the period. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

NASDAQ CTLP opened at $7.90 on Wednesday. The business has a 50-day moving average price of $9.01 and a 200-day moving average price of $8.78. The firm has a market cap of $576.98 million, a price-to-earnings ratio of 39.50 and a beta of 1.64. Cantaloupe, Inc. has a twelve month low of $5.75 and a twelve month high of $11.36. 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 (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 prior year, the business posted $0.04 earnings per share. As a group, equities research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CTLP shares. Benchmark increased their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Barrington Research increased their price objective on shares of Cantaloupe from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th.

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.