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

Versor Investments LP lowered its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 242,765 shares of the technology company’s stock after selling 102,923 shares during the period. Versor Investments LP owned 0.33% of Cantaloupe worth $2,578,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Cantaloupe in the third quarter valued at approximately $32,000. Osaic Holdings Inc. grew its holdings in 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 acquiring an additional 2,737 shares during the period. Russell Investments Group Ltd. grew its holdings in 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 acquiring an additional 5,055 shares during the period. US Bancorp DE grew its holdings in 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 acquiring an additional 3,327 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 2,063 shares during the period. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

CTLP opened at $11.20 on Tuesday. The stock has a market capitalization of $825.66 million, a P/E ratio of 62.22 and a beta of 1.00. Cantaloupe, Inc. has a 12 month low of $7.57 and a 12 month high of $11.21. The firm’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $10.64. The company has a current ratio of 1.83, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CTLP shares. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.60.

About Cantaloupe

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.