PAR Technology Co. (NYSE:PAR) Shares Sold by Brasada Capital Management LP

Brasada Capital Management LP trimmed its position in PAR Technology Co. (NYSE:PAR - Free Report) by 92.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,502 shares of the software maker's stock after selling 87,507 shares during the quarter. Brasada Capital Management LP's holdings in PAR Technology were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAR. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the 4th quarter worth about $28,000. Mountain Hill Investment Partners Corp. bought a new position in shares of PAR Technology during the fourth quarter valued at approximately $29,000. Signaturefd LLC increased its holdings in PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after buying an additional 279 shares during the period. US Bancorp DE raised its stake 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 in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in PAR Technology in the fourth quarter worth approximately $113,000.

Wall Street Analysts Forecast Growth

PAR has been the topic of several analyst reports. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Finally, Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PAR Technology currently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology Stock Performance

Shares of NYSE PAR traded up $0.40 during midday trading on Friday, reaching $59.86. The company had a trading volume of 214,978 shares, compared to its average volume of 433,438. The stock has a market cap of $2.41 billion, a P/E ratio of -239.43 and a beta of 1.95. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The business's 50-day simple moving average is $59.91 and its 200 day simple moving average is $66.92.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly 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). The firm had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue was up 50.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.33) EPS. On average, analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal 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.