PAR Technology Co. (NYSE:PAR) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 65.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,472 shares of the software maker's stock after selling 399,132 shares during the quarter. Gamco Investors INC. ET AL owned 0.53% of PAR Technology worth $15,004,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Invesco Ltd. raised its stake in PAR Technology by 100.9% in the 4th quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock valued at $93,307,000 after purchasing an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of PAR Technology in the fourth quarter valued at about $33,011,000. TimesSquare Capital Management LLC lifted its stake in shares of PAR Technology by 47.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock worth $29,547,000 after buying an additional 130,121 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in PAR Technology during the fourth quarter worth about $6,275,000. Finally, Geode Capital Management LLC boosted its position 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 acquiring an additional 81,551 shares during the last quarter.

PAR Technology Stock Up 0.2 %

NYSE PAR traded up $0.11 during trading hours on Friday, hitting $56.40. 318,268 shares of the company were exchanged, compared to its average volume of 431,348. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -225.60 and a beta of 1.95. 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 has a 50 day moving average of $61.21 and a two-hundred day moving average of $66.72.

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

Analysts Set New Price Targets

Several brokerages have recently commented on PAR. 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. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.