PAR Technology Co. (NYSE:PAR) Short Interest Down 13.7% in December

PAR Technology Co. (NYSE:PAR - Get Free Report) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 4,360,000 shares, a decline of 13.7% from the November 30th total of 5,050,000 shares. Based on an average daily volume of 493,100 shares, the days-to-cover ratio is currently 8.8 days.

Hedge Funds Weigh In On PAR Technology

Several institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC purchased a new position in shares of PAR Technology in the third quarter worth about $14,398,000. Bamco Inc. NY grew its stake in PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock valued at $60,981,000 after buying an additional 154,921 shares in the last quarter. Progeny 3 Inc. raised its holdings in PAR Technology by 10.9% during the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker's stock valued at $62,199,000 after acquiring an additional 129,810 shares during the period. Fred Alger Management LLC purchased a new stake in shares of PAR Technology during the third quarter worth $6,600,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of PAR Technology in the second quarter worth $3,881,000.

Analysts Set New Price Targets

PAR has been the topic of a number of analyst reports. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Thursday, November 7th. Benchmark increased their price objective on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Stephens lifted their target price on PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group raised their price objective on PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $79.25.

PAR Technology Stock Performance

Shares of PAR Technology stock traded up $0.15 during trading hours on Monday, hitting $73.43. 230,877 shares of the company's stock traded hands, compared to its average volume of 363,744. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -293.71 and a beta of 2.20. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a fifty day simple moving average of $72.40 and a 200-day simple moving average of $59.04.

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