PAR Technology Co. (NYSE:PAR) Shares Sold by Rovida Advisors Inc.

Rovida Advisors Inc. lessened its position in PAR Technology Co. (NYSE:PAR - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,000 shares of the software maker's stock after selling 217,273 shares during the period. PAR Technology makes up 14.1% of Rovida Advisors Inc.'s portfolio, making the stock its 3rd biggest position. Rovida Advisors Inc. owned approximately 0.65% of PAR Technology worth $18,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAR. Mountain Hill Investment Partners Corp. bought a new stake in PAR Technology in the fourth quarter worth about $29,000. Signaturefd LLC lifted its stake 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 during the last quarter. US Bancorp DE lifted its stake in PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after purchasing an additional 341 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in PAR Technology during the fourth quarter worth approximately $113,000. Finally, KBC Group NV grew its position in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after buying an additional 400 shares during the last quarter.

PAR Technology Stock Performance

Shares of NYSE:PAR traded down $1.18 on Friday, hitting $61.42. 251,789 shares of the company were exchanged, compared to its average volume of 417,100. The company's 50 day moving average price is $66.31 and its two-hundred day moving average price is $66.79. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -245.65 and a beta of 2.20. 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 Co. has a one year low of $37.74 and a one year high of $82.24.

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PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. During the same period last year, the company earned ($0.33) EPS. The company's revenue was up 50.2% on a year-over-year basis. Research analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

PAR has been the subject of several analyst reports. Stephens reaffirmed an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group lifted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

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.