Versor Investments LP Sells 102,923 Shares of Cantaloupe, Inc. $CTLP

Versor Investments LP cut its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,765 shares of the technology company’s stock after selling 102,923 shares during the period. Versor Investments LP’s holdings in Cantaloupe were worth $2,578,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CTLP. State of Alaska Department of Revenue acquired a new position in shares of Cantaloupe during the 3rd quarter worth about $32,000. Osaic Holdings Inc. increased its stake in shares of Cantaloupe by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,737 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Cantaloupe by 2,824.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock worth $55,000 after purchasing an additional 5,055 shares during the last quarter. US Bancorp DE increased its stake in shares of Cantaloupe by 142.2% during the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after purchasing an additional 3,327 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Cantaloupe by 55.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after purchasing an additional 2,063 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTLP has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cantaloupe has an average rating of “Hold” and an average price target of $12.60.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP opened at $11.20 on Tuesday. The company’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $10.64. Cantaloupe, Inc. has a 12-month low of $7.57 and a 12-month high of $11.21. The firm has a market cap of $825.66 million, a PE ratio of 62.22 and a beta of 1.00. The company has a quick ratio of 1.31, a current ratio of 1.83 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Wednesday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. Cantaloupe had a return on equity of 4.94% and a net margin of 1.15%.The business had revenue of $78.69 million for the quarter.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.