Voya Investment Management LLC Sells 2,769 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Voya Investment Management LLC lowered its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,771 shares of the technology company’s stock after selling 2,769 shares during the period. Voya Investment Management LLC’s holdings in Cantaloupe were worth $179,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Cantaloupe during the 4th quarter valued at $40,000. Parkside Financial Bank & Trust bought a new stake in shares of Cantaloupe during the 4th quarter worth approximately $47,000. New York State Common Retirement Fund lifted its position in shares of Cantaloupe by 75.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after buying an additional 3,400 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Cantaloupe during the 4th quarter worth $91,000. Finally, Truist Financial Corp bought a new stake in shares of Cantaloupe during the 4th quarter worth $111,000. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Benchmark upped their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of Cantaloupe in a research note on Thursday, March 27th.

Cantaloupe Price Performance

Cantaloupe stock opened at $7.74 on Wednesday. The stock has a 50-day moving average price of $7.82 and a two-hundred day moving average price of $8.76. The company has a market capitalization of $565.29 million, a PE ratio of 38.70 and a beta of 1.08. Cantaloupe, Inc. has a 12 month low of $5.82 and a 12 month high of $11.36. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. The business had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. Analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current year.

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.