UMB Bank n.a. Takes $153,000 Position in Cantaloupe, Inc. (NASDAQ:CTLP)

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

A number of other large investors have also added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in shares of Cantaloupe by 20.3% in the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after purchasing an additional 271,782 shares during the period. JPMorgan Chase & Co. lifted its position in Cantaloupe by 340.6% during the third 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 last quarter. Barclays PLC boosted 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 acquiring an additional 83,316 shares during the period. Inspire Investing LLC bought a new position in shares of Cantaloupe during the third quarter worth approximately $416,000. Finally, Stansberry Asset Management LLC lifted its holdings in Cantaloupe by 63.9% during the 3rd quarter. Stansberry Asset Management LLC now owns 141,078 shares of the technology company’s stock worth $1,044,000 after purchasing an additional 55,009 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

Shares of CTLP stock opened at $8.27 on Friday. The business has a fifty day simple moving average of $9.08 and a 200 day simple moving average of $8.11. The company has a market cap of $603.63 million, a P/E ratio of 48.65 and a beta of 1.64. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a twelve month low of $5.74 and a twelve month high of $10.48.

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

Analyst Ratings Changes

Several research analysts have weighed in on CTLP shares. Northland Securities increased their price objective on Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Barrington Research reiterated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th. Finally, Benchmark upped their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

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.