Voss Capital LP Has $106.10 Million Stock Position in PAR Technology Co. (NYSE:PAR)

Voss Capital LP trimmed its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,460,000 shares of the software maker's stock after selling 87,128 shares during the quarter. PAR Technology accounts for approximately 7.9% of Voss Capital LP's portfolio, making the stock its largest holding. Voss Capital LP owned about 3.77% of PAR Technology worth $106,098,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in 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 acquiring an additional 51,578 shares during the period. Geode Capital Management LLC raised its position in PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after acquiring an additional 81,551 shares during the period. Virtu Financial LLC bought a new position in shares of PAR Technology during the 3rd quarter valued at approximately $655,000. Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 932 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in 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 valued at $1,764,000 after purchasing an additional 13,200 shares during the period.

PAR Technology Stock Up 0.7 %

Shares of NYSE PAR traded up $0.40 during midday trading on Friday, hitting $59.86. The stock had a trading volume of 214,978 shares, compared to its average volume of 454,269. The company has a market cap of $2.41 billion, a P/E ratio of -239.43 and a beta of 1.95. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The business's 50 day moving average is $60.07 and its 200-day moving average is $66.90. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a "buy" 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 price objective on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Finally, Stephens restated an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.