First Eagle Investment Management LLC Grows Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

First Eagle Investment Management LLC grew its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,197 shares of the technology company’s stock after buying an additional 49,000 shares during the quarter. First Eagle Investment Management LLC owned 0.83% of Cantaloupe worth $5,727,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Cantaloupe during the third quarter worth $26,000. Parkside Financial Bank & Trust bought a new position in Cantaloupe during the fourth quarter worth $47,000. New York State Common Retirement Fund lifted its stake in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares during the last quarter. Truist Financial Corp bought a new position in Cantaloupe during the fourth quarter worth $111,000. Finally, Quantbot Technologies LP lifted its stake in Cantaloupe by 34.0% during the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,975 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTLP has been the topic of several research analyst reports. Benchmark raised their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Barrington Research raised their price objective on Cantaloupe from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th.

Cantaloupe Stock Performance

CTLP stock opened at $7.71 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. The stock has a market capitalization of $563.10 million, a price-to-earnings ratio of 38.55 and a beta of 1.64. Cantaloupe, Inc. has a 1 year low of $5.75 and a 1 year high of $11.36. The stock’s fifty day moving average is $9.11 and its two-hundred day moving average is $8.71.

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

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.