Harbor Capital Advisors Inc. Sells 16,136 Shares of PAR Technology Co. (NYSE:PAR)

Harbor Capital Advisors Inc. cut its position in PAR Technology Co. (NYSE:PAR - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,679 shares of the software maker's stock after selling 16,136 shares during the period. Harbor Capital Advisors Inc. owned about 0.19% of PAR Technology worth $4,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in PAR Technology by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock worth $903,000 after buying an additional 932 shares in the last quarter. Virtu Financial LLC bought a new position in shares of PAR Technology in the third quarter worth about $655,000. Geode Capital Management LLC grew 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 purchasing an additional 81,551 shares in the last quarter. ABS Direct Equity Fund LLC raised its stake in PAR Technology by 7.3% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 73,580 shares of the software maker's stock valued at $3,832,000 after purchasing an additional 5,000 shares during the period. Finally, Barclays PLC lifted its holdings in PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after purchasing an additional 51,578 shares in the last quarter.

PAR Technology Trading Down 0.5 %

PAR stock traded down $0.37 during midday trading on Friday, reaching $67.80. 526,600 shares of the company traded hands, compared to its average volume of 419,250. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -271.19 and a beta of 2.21. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The business has a 50 day moving average of $74.40 and a 200-day moving average of $60.59. 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 released its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.35) EPS. As a group, sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PAR shares. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research note on Thursday, November 7th. Benchmark raised their price objective on PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Stephens boosted their target price on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.