Cannell & Spears LLC Reduces Stock Holdings in PAR Technology Co. (NYSE:PAR)

Cannell & Spears LLC trimmed its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 170,781 shares of the software maker's stock after selling 9,534 shares during the period. Cannell & Spears LLC owned approximately 0.44% of PAR Technology worth $12,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its stake in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock valued at $60,981,000 after purchasing an additional 154,921 shares during the last quarter. State Street Corp lifted its position in PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker's stock valued at $46,108,000 after buying an additional 10,582 shares during the last quarter. Geode Capital Management LLC boosted its stake in PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after buying an additional 81,551 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of PAR Technology during the fourth quarter valued at about $33,011,000. Finally, TimesSquare Capital Management LLC raised its stake in shares of PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock valued at $29,547,000 after acquiring an additional 130,121 shares during the period.

PAR Technology Stock Up 0.2 %

PAR stock traded up $0.14 during mid-day trading on Tuesday, reaching $61.48. The company had a trading volume of 335,924 shares, compared to its average volume of 417,213. The firm has a fifty day simple moving average of $65.84 and a 200 day simple moving average of $66.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -245.92 and a beta of 2.20. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24.

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PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. The firm's revenue was up 50.2% compared to the same quarter last year. Analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Citigroup reiterated 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. Finally, Benchmark reiterated a "buy" rating 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 given a buy rating to the stock. Based on data from MarketBeat, PAR Technology presently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

About PAR Technology

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.