Lisanti Capital Growth LLC Purchases Shares of 67,595 PAR Technology Co. (NYSE:PAR)

Lisanti Capital Growth LLC purchased a new stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,595 shares of the software maker's stock, valued at approximately $3,520,000. Lisanti Capital Growth LLC owned 0.19% of PAR Technology as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors increased its holdings in PAR Technology by 43.4% during the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker's stock valued at $155,670,000 after purchasing an additional 1,068,641 shares during the period. Progeny 3 Inc. increased its holdings in PAR Technology by 47.1% in the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker's stock worth $54,026,000 after acquiring an additional 381,232 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in PAR Technology in the 3rd quarter worth approximately $14,398,000. Magnolia Capital Advisors LLC purchased a new position in shares of PAR Technology in the 2nd quarter worth $3,881,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of PAR Technology by 252.0% in the 2nd quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker's stock worth $4,973,000 after acquiring an additional 75,600 shares during the last quarter.

Analysts Set New Price Targets

PAR has been the topic of a number of recent analyst reports. Stephens increased their price target on shares of PAR Technology from $70.00 to $83.00 and gave the stock an "overweight" rating in a report on Monday. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research note on Monday. Benchmark reaffirmed a "buy" rating and issued a $69.00 price objective on shares of PAR Technology in a report on Friday, August 9th. The Goldman Sachs Group raised their price target on PAR Technology from $52.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group upgraded PAR Technology from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

PAR Technology Stock Performance

Shares of NYSE:PAR traded up $0.92 during trading on Monday, reaching $75.16. 2,327,876 shares of the stock were exchanged, compared to its average volume of 352,510. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $57.04 and a 200-day moving average price of $51.02. PAR Technology Co. has a 12 month low of $33.13 and a 12 month high of $75.38. The firm has a market cap of $2.73 billion, a PE ratio of -295.71 and a beta of 2.14.

PAR Technology (NYSE:PAR - Get Free Report) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.65) earnings per share. Research analysts expect that PAR Technology Co. will post -1.67 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.