Counterpoint Mutual Funds LLC Acquires Shares of 5,791 PAR Technology Co. (NYSE:PAR)

Counterpoint Mutual Funds LLC bought a new stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,791 shares of the software maker's stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bamco Inc. NY lifted its stake in 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 buying an additional 154,921 shares in the last quarter. TimesSquare Capital Management LLC increased its position in PAR Technology by 47.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock worth $29,547,000 after purchasing an additional 130,121 shares in the last quarter. Fred Alger Management LLC purchased a new stake in PAR Technology during the 3rd quarter worth about $6,600,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in PAR Technology in the 4th quarter valued at about $6,275,000. Finally, Geode Capital Management LLC lifted 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 valued at $42,664,000 after purchasing an additional 81,551 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PAR shares. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. The Goldman Sachs Group increased their price target on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Stephens reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Benchmark reissued a "buy" 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 assigned a buy rating to the company's stock. According to data from MarketBeat, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $81.86.

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PAR Technology Trading Up 1.4 %

Shares of NYSE PAR traded up $0.85 during midday trading on Friday, hitting $61.85. The stock had a trading volume of 496,827 shares, compared to its average volume of 484,071. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -247.39 and a beta of 2.20. The company has a fifty day moving average price of $67.41 and a 200 day moving average price of $66.28.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $99.10 million. During the same period last year, the firm earned ($0.33) earnings per share. The company's quarterly revenue was up 50.2% on a year-over-year basis. On average, analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current year.

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.