Next Century Growth Investors LLC Purchases 70,386 Shares of PAR Technology Co. (NYSE:PAR)

Next Century Growth Investors LLC lifted its position in PAR Technology Co. (NYSE:PAR - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 518,554 shares of the software maker's stock after purchasing an additional 70,386 shares during the period. PAR Technology comprises 2.8% of Next Century Growth Investors LLC's portfolio, making the stock its 2nd largest holding. Next Century Growth Investors LLC owned approximately 1.34% of PAR Technology worth $37,683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PAR. Aster Capital Management DIFC Ltd purchased a new position in PAR Technology in the fourth quarter valued at about $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of PAR Technology during the 4th quarter worth about $29,000. Signaturefd LLC lifted 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 purchasing an additional 279 shares in the last quarter. US Bancorp DE lifted its holdings in PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after purchasing an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in PAR Technology in the 4th quarter worth approximately $113,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PAR. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens restated an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Citigroup reissued a "neutral" 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 assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.86.

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PAR Technology Price Performance

PAR Technology stock traded up $1.01 during midday trading on Tuesday, hitting $56.36. The company's stock had a trading volume of 547,842 shares, compared to its average volume of 429,859. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a market capitalization of $2.27 billion, a PE ratio of -225.45 and a beta of 1.95. The stock's 50-day moving average price is $62.11 and its 200-day moving average price is $66.83. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

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 firm 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%. The firm's revenue was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) EPS. Analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.