CenterBook Partners LP Has $1.88 Million Holdings in PAR Technology Co. (NYSE:PAR)

CenterBook Partners LP decreased its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,879 shares of the software maker's stock after selling 66,791 shares during the period. CenterBook Partners LP owned 0.07% of PAR Technology worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in PAR Technology by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after acquiring an additional 81,551 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PAR Technology during the fourth quarter valued at about $1,796,000. Moody National Bank Trust Division lifted its position in PAR Technology by 119.2% during the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after acquiring an additional 13,200 shares during the period. Barclays PLC increased its stake in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after purchasing an additional 51,578 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of PAR Technology during the fourth quarter valued at $205,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PAR shares. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Finally, Citigroup reissued 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 given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

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PAR Technology Stock Down 1.1 %

Shares of PAR Technology stock traded down $0.64 during midday trading on Wednesday, reaching $55.64. 43,365 shares of the company's stock traded hands, compared to its average volume of 462,964. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. 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's 50 day simple moving average is $61.80 and its 200 day simple moving average is $66.76. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -222.55 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share 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 business had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. During the same period in the previous year, the firm earned ($0.33) EPS. The business's revenue was up 50.2% compared to the same quarter last year. Equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.