BluePointe Capital Management LLC reduced its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,510 shares of the software maker's stock after selling 12,500 shares during the quarter. BluePointe Capital Management LLC owned 0.06% of PAR Technology worth $1,636,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAR. Signaturefd LLC boosted its holdings in PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE lifted its position in PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology during the 4th quarter worth about $113,000. KBC Group NV grew its holdings in shares of PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock valued at $125,000 after acquiring an additional 400 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of PAR Technology in the fourth quarter valued at about $205,000.
PAR Technology Stock Performance
Shares of PAR stock traded up $2.31 during midday trading on Monday, hitting $64.05. 225,448 shares of the company were exchanged, compared to its average volume of 410,755. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The firm has a market capitalization of $2.58 billion, a P/E ratio of -256.19 and a beta of 2.20. The firm's 50 day moving average price is $67.29 and its two-hundred day moving average price is $66.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.
PAR Technology (NYSE:PAR - Get Free Report) last issued 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). The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company's revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.33) EPS. As a group, equities research analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on PAR. Benchmark reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group increased their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.86.
Read Our Latest Research Report on PAR
About PAR Technology
(
Free Report)
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.
See Also
Before you consider PAR Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PAR Technology wasn't on the list.
While PAR Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
