Corient Private Wealth LLC Lowers Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Corient Private Wealth LLC reduced its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,694 shares of the technology company’s stock after selling 4,557 shares during the period. Corient Private Wealth LLC owned about 0.12% of Cantaloupe worth $843,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CTLP. Royce & Associates LP increased its position in shares of Cantaloupe by 99.6% during the fourth quarter. Royce & Associates LP now owns 563,000 shares of the technology company’s stock worth $5,354,000 after acquiring an additional 281,000 shares during the period. First Eagle Investment Management LLC grew its stake in Cantaloupe by 8.9% during the 4th quarter. First Eagle Investment Management LLC now owns 602,197 shares of the technology company’s stock worth $5,727,000 after purchasing an additional 49,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cantaloupe during the 4th quarter worth about $908,000. Charles Schwab Investment Management Inc. increased its holdings in Cantaloupe by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 479,346 shares of the technology company’s stock worth $4,559,000 after purchasing an additional 3,888 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in Cantaloupe in the 4th quarter valued at about $47,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Performance

Shares of CTLP opened at $7.82 on Friday. The company has a market capitalization of $571.13 million, a price-to-earnings ratio of 39.10 and a beta of 1.64. Cantaloupe, Inc. has a 52-week low of $5.75 and a 52-week 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. The stock has a 50 day moving average price of $9.00 and a 200 day moving average price of $8.77.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS 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 prior year, the business posted $0.04 EPS. Research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CTLP has been the topic of a number of recent research reports. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of Cantaloupe in a research note on Thursday. Benchmark increased their price objective on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th.

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.