Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 86,345 shares of the software maker's stock, valued at approximately $6,275,000. Connor Clark & Lunn Investment Management Ltd. owned 0.22% of PAR Technology as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also made changes to their positions in PAR. US Bancorp DE increased its holdings in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology during the fourth quarter worth approximately $113,000. KBC Group NV boosted 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 purchasing an additional 400 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of PAR Technology in the 4th quarter valued at $205,000. Finally, Pring Turner Capital Group Inc. acquired a new position in shares of PAR Technology in the 4th quarter valued at $231,000.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on PAR. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group upped their target price 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. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Finally, Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One 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 MarketBeat.com, PAR Technology currently has an average rating of "Moderate Buy" and a consensus target price of $81.86.
Check Out Our Latest Stock Report on PAR Technology
PAR Technology Price Performance
PAR stock traded up $1.28 during trading on Wednesday, hitting $61.39. 256,206 shares of the stock traded hands, compared to its average volume of 484,300. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -245.53 and a beta of 2.20. The company has a 50 day simple moving average of $67.70 and a 200 day simple moving average of $66.35. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.
PAR Technology (NYSE:PAR - Get Free Report) last announced 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). The company had revenue of $105.01 million during 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 period in the prior year, the firm posted ($0.33) earnings per share. Equities analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.
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.
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