Royce & Associates LP trimmed its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 973,287 shares of the software maker's stock after selling 210,992 shares during the period. PAR Technology makes up about 0.7% of Royce & Associates LP's investment portfolio, making the stock its 21st largest holding. Royce & Associates LP owned 2.51% of PAR Technology worth $70,729,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank boosted its position in shares of PAR Technology by 7.5% during the fourth quarter. Swiss National Bank now owns 71,300 shares of the software maker's stock valued at $5,181,000 after buying an additional 5,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PAR Technology during the 4th quarter valued at about $6,275,000. Cushing Capital Partners LLC bought a new stake in shares of PAR Technology in the fourth quarter worth approximately $1,320,000. Citizens Financial Group Inc. RI purchased a new position in shares of PAR Technology during the fourth quarter valued at approximately $233,000. Finally, Lisanti Capital Growth LLC lifted its position in PAR Technology by 6.2% during the fourth quarter. Lisanti Capital Growth LLC now owns 71,815 shares of the software maker's stock valued at $5,219,000 after purchasing an additional 4,220 shares during the period.
PAR Technology Price Performance
NYSE:PAR traded down $0.54 during trading hours on Thursday, hitting $60.95. 364,911 shares of the stock traded hands, compared to its average volume of 410,526. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -243.77 and a beta of 2.20. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The stock has a 50 day moving average price of $67.56 and a 200 day moving average price of $66.32. 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 earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $99.10 million. During the same quarter last year, the firm posted ($0.33) EPS. The firm's quarterly revenue was up 50.2% compared to the same quarter last year. Sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal year.
Analysts Set New Price Targets
PAR has been the subject of a number of research analyst reports. 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. StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Benchmark reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Finally, Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and an average target price of $81.86.
Check Out Our Latest Analysis on PAR Technology
About PAR Technology
(
Free Report)
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.
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