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

Brooktree Capital Management cut its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 327,619 shares of the software maker's stock after selling 11,340 shares during the period. PAR Technology makes up about 17.7% of Brooktree Capital Management's investment portfolio, making the stock its largest holding. Brooktree Capital Management owned about 0.85% of PAR Technology worth $23,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock worth $15,523,000 after buying an additional 20,811 shares during the period. Geode Capital Management LLC boosted its position in shares of PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after buying an additional 81,551 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of PAR Technology during the fourth quarter worth approximately $1,796,000. Moody National Bank Trust Division boosted its position in shares of PAR Technology by 119.2% during the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after buying an additional 13,200 shares during the period. Finally, Barclays PLC boosted its position in shares of PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after buying an additional 51,578 shares during the period.

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PAR Technology Price Performance

Shares of NYSE PAR traded up $0.85 during trading on Friday, hitting $61.85. The company had a trading volume of 496,827 shares, compared to its average volume of 411,093. The company has a market cap of $2.49 billion, a P/E ratio of -247.39 and a beta of 2.20. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The business's 50-day moving average is $67.29 and its 200 day moving average is $66.34. 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 (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 company had revenue of $105.01 million for the quarter, compared to analysts' expectations of $99.10 million. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. The company's revenue was up 50.2% on a year-over-year basis. Equities research analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PAR. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Stephens restated an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Craig Hallum restated a "buy" 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 assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.86.

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.