JPMorgan Chase & Co. Grows Position in Cantaloupe, Inc. (NASDAQ:CTLP)

JPMorgan Chase & Co. grew its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 220.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,973 shares of the technology company’s stock after purchasing an additional 245,579 shares during the period. JPMorgan Chase & Co.’s holdings in Cantaloupe were worth $3,395,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Cantaloupe by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company’s stock valued at $33,657,000 after buying an additional 212,456 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Cantaloupe in the fourth quarter worth $91,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Cantaloupe in the 4th quarter valued at $40,000. Intech Investment Management LLC lifted its holdings in shares of Cantaloupe by 58.4% during the 4th quarter. Intech Investment Management LLC now owns 25,547 shares of the technology company’s stock valued at $243,000 after acquiring an additional 9,414 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Cantaloupe by 99.6% during the 4th quarter. Royce & Associates LP now owns 563,000 shares of the technology company’s stock worth $5,354,000 after purchasing an additional 281,000 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

CTLP opened at $7.39 on Tuesday. Cantaloupe, Inc. has a twelve month low of $5.75 and a twelve month high of $11.36. The firm has a market cap of $539.73 million, a price-to-earnings ratio of 36.95 and a beta of 1.45. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $8.58 and a 200 day simple moving average of $8.87.

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

Wall Street Analyst Weigh In

Several research firms have commented on CTLP. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of Cantaloupe in a research report on Thursday, March 27th. Benchmark raised their target price on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

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.