KLP Kapitalforvaltning AS Takes Position in PAR Technology Co. (NYSE:PAR)

KLP Kapitalforvaltning AS bought a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,000 shares of the software maker's stock, valued at approximately $509,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of PAR Technology by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock worth $15,523,000 after acquiring an additional 20,811 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 81,551 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PAR Technology during the fourth quarter worth $1,796,000. Moody National Bank Trust Division grew its stake in shares of PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after buying an additional 13,200 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after buying an additional 51,578 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAR shares. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reaffirmed a "neutral" rating 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 report on Friday, February 28th. Finally, Stephens reaffirmed an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.86.

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PAR Technology Stock Down 4.2 %

NYSE PAR traded down $2.25 on Tuesday, hitting $50.68. 565,604 shares of the stock were exchanged, compared to its average volume of 424,778. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a 50-day moving average price of $63.71 and a 200-day moving average price of $66.78. 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 market cap of $2.04 billion, a PE ratio of -202.69 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. During the same quarter in the previous year, the firm posted ($0.33) EPS. The business's revenue for the quarter was up 50.2% on a year-over-year basis. Sell-side analysts anticipate that PAR Technology Co. will post -1.47 EPS 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.