129,096 Shares in PAR Technology Co. (NYSE:PAR) Bought by Peak6 LLC

PEAK6 LLC purchased a new stake in PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 129,096 shares of the software maker's stock, valued at approximately $9,381,000. PEAK6 LLC owned approximately 0.33% of PAR Technology as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAR. Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology in the fourth quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology in the fourth quarter valued at approximately $29,000. Signaturefd LLC lifted its stake in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE grew its holdings in PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology in the fourth quarter worth $113,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAR. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective 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 given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Trading Up 1.2 %

PAR traded up $0.65 on Tuesday, reaching $55.49. 35,611 shares of the company's stock were exchanged, compared to its average volume of 456,901. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -221.99 and a beta of 1.95. 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 Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The company's 50 day moving average is $60.70 and its 200-day moving average is $67.00.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share 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 business had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. During the same quarter in the previous year, the firm posted ($0.33) EPS. The business's revenue was up 50.2% compared to the same quarter last year. Equities analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current year.

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.