Cushing Capital Partners LLC Purchases New Position in PAR Technology Co. (NYSE:PAR)

Cushing Capital Partners LLC bought a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,163 shares of the software maker's stock, valued at approximately $1,320,000. PAR Technology accounts for 1.3% of Cushing Capital Partners LLC's holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted 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 during the period. Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the fourth quarter valued at $113,000. KBC Group NV lifted its holdings in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker's stock valued at $125,000 after buying an additional 400 shares during the period. Principal Financial Group Inc. acquired a new position in PAR Technology in the fourth quarter valued at $205,000. Finally, Pring Turner Capital Group Inc. bought a new stake in PAR Technology in the fourth quarter valued at $231,000.

PAR Technology Stock Down 0.6 %

PAR stock traded down $0.37 during trading on Friday, reaching $58.54. The stock had a trading volume of 686,011 shares, compared to its average volume of 496,025. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The company's 50 day moving average is $68.44 and its two-hundred day moving average is $66.07. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -234.17 and a beta of 2.19.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PAR. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. One investment 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. According to MarketBeat, PAR Technology presently has an average 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.