Lisanti Capital Growth LLC Purchases 4,220 Shares of PAR Technology Co. (NYSE:PAR)

Lisanti Capital Growth LLC raised its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,815 shares of the software maker's stock after purchasing an additional 4,220 shares during the period. Lisanti Capital Growth LLC owned 0.19% of PAR Technology worth $5,219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of PAR Technology during the fourth quarter worth about $2,067,000. Arizona State Retirement System raised its holdings in PAR Technology by 7.6% during the 4th quarter. Arizona State Retirement System now owns 10,529 shares of the software maker's stock worth $765,000 after purchasing an additional 741 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of PAR Technology in the 4th quarter worth approximately $1,796,000. Steward Partners Investment Advisory LLC boosted its stake in shares of PAR Technology by 11.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,940 shares of the software maker's stock valued at $795,000 after purchasing an additional 1,109 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of PAR Technology by 104.3% during 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 period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PAR shares. The Goldman Sachs Group boosted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Lake Street Capital upped their target price on PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Finally, Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $79.25.

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PAR Technology Stock Up 0.0 %

Shares of PAR Technology stock traded up $0.01 during trading hours on Tuesday, reaching $62.39. The company's stock had a trading volume of 359,327 shares, compared to its average volume of 496,135. The company has a market capitalization of $2.51 billion, a P/E ratio of -249.55 and a beta of 2.20. The stock's fifty day simple moving average is $69.11 and its two-hundred day simple moving average is $66.09. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) 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 net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology's revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) EPS. On average, research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

PAR Technology Company 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.