PAR Technology Co. (NYSE:PAR) Shares Sold by K2 Principal Fund L.P.

K2 Principal Fund L.P. decreased its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,702 shares of the software maker's stock after selling 18,238 shares during the quarter. K2 Principal Fund L.P. owned 0.23% of PAR Technology worth $4,307,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the 2nd quarter valued at about $32,000. Amalgamated Bank increased its stake in shares of PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock worth $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC acquired a new stake in PAR Technology in the third quarter valued at approximately $125,000. RiverPark Advisors LLC purchased a new position in PAR Technology in the second quarter worth approximately $191,000. Finally, Principal Financial Group Inc. acquired a new position in PAR Technology during the 2nd quarter worth approximately $211,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PAR. Craig Hallum raised their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a report on Monday, November 11th. Benchmark upped their price objective on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report on Tuesday, November 26th. Finally, Lake Street Capital raised their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $79.25.

PAR Technology Stock Performance

Shares of PAR stock traded up $1.00 during trading hours on Friday, hitting $78.70. The stock had a trading volume of 337,277 shares, compared to its average volume of 614,987. The stock's 50 day moving average is $65.96 and its 200 day moving average is $55.64. The firm has a market capitalization of $2.86 billion, a PE ratio of -314.80 and a beta of 2.20. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. 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 (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same period last year, the firm posted ($0.35) EPS. PAR Technology's revenue for the quarter was down 9.6% on a year-over-year basis. As a group, research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal 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.