Arrowstreet Capital Limited Partnership Takes Position in PAR Technology Co. (NYSE:PAR)

Arrowstreet Capital Limited Partnership purchased a new stake in PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,434 shares of the software maker's stock, valued at approximately $2,793,000. Arrowstreet Capital Limited Partnership owned about 0.10% of PAR Technology at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PAR. Mountain Hill Investment Partners Corp. purchased a new stake in shares of PAR Technology during the fourth quarter valued at approximately $29,000. Signaturefd LLC grew its stake in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares during the period. US Bancorp DE increased its position in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after purchasing an additional 341 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology during the 4th quarter valued at $113,000. Finally, KBC Group NV raised its stake in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after purchasing an additional 400 shares during the period.

PAR Technology Stock Performance

Shares of NYSE:PAR traded up $1.13 during trading on Tuesday, hitting $56.48. 60,823 shares of the company were exchanged, compared to its average volume of 461,738. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The stock has a 50 day moving average of $62.11 and a 200 day moving average of $66.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market cap of $2.27 billion, a PE ratio of -225.67 and a beta of 1.95.

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PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The business's revenue for the quarter was up 50.2% compared to the same quarter last year. As a group, equities research analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PAR. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Monday, March 3rd. Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.