Hood River Capital Management LLC Purchases New Position in PAR Technology Co. (NYSE:PAR)

Hood River Capital Management LLC purchased a new stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 418,220 shares of the software maker's stock, valued at approximately $30,392,000. Hood River Capital Management LLC owned approximately 1.08% of PAR Technology at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE lifted its position in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after buying an additional 341 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in PAR Technology by 7.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after buying an additional 343 shares during the period. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the fourth quarter valued at $28,000. Finally, KBC Group NV raised its stake in shares of 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 acquiring an additional 400 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAR. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reiterated an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a report on Monday, March 3rd. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report 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 an average price target of $81.86.

PAR Technology Stock Performance

PAR stock opened at $55.82 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The business has a 50-day moving average price of $60.45 and a 200 day moving average price of $66.92. The company has a market capitalization of $2.24 billion, a P/E ratio of -223.28 and a beta of 1.95.

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 the consensus estimate of ($0.04) by ($0.17). The business had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) EPS. As a group, equities research analysts forecast that PAR Technology Co. will post -1.47 EPS 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.

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