ABS Direct Equity Fund LLC Sells 3,580 Shares of PAR Technology Co. (NYSE:PAR)

ABS Direct Equity Fund LLC reduced its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the software maker's stock after selling 3,580 shares during the quarter. PAR Technology makes up 5.9% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 3rd largest position. ABS Direct Equity Fund LLC owned approximately 0.18% of PAR Technology worth $5,087,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PAR. Progeny 3 Inc. boosted its holdings in shares of PAR Technology by 10.9% during the second quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker's stock worth $62,199,000 after purchasing an additional 129,810 shares during the last quarter. Royce & Associates LP grew its holdings in shares of PAR Technology by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker's stock worth $61,677,000 after purchasing an additional 30,000 shares during the period. Bamco Inc. NY grew its stake in PAR Technology by 15.2% during the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock worth $60,981,000 after buying an additional 154,921 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of PAR Technology by 6.4% during the 3rd quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker's stock valued at $49,308,000 after acquiring an additional 57,049 shares in the last quarter. Finally, State Street Corp raised its position in PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker's stock valued at $46,108,000 after purchasing an additional 10,582 shares during the period.

PAR Technology Stock Performance

Shares of NYSE:PAR traded down $0.42 during trading on Friday, hitting $72.61. 203,201 shares of the company traded hands, compared to its average volume of 578,268. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -290.38 and a beta of 2.21. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. 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 business's fifty day moving average is $74.75 and its 200-day moving average is $62.94.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the business earned ($0.35) EPS. The firm's revenue was down 9.6% on a year-over-year basis. As a group, equities analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, January 3rd. The Goldman Sachs Group upped their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Benchmark lifted their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. 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. Finally, Craig Hallum increased their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $79.25.

PAR Technology 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.