Proficio Capital Partners LLC Takes Position in PAR Technology Co. (NYSE:PAR)

Proficio Capital Partners LLC purchased a new stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,708 shares of the software maker's stock, valued at approximately $1,796,000. Proficio Capital Partners LLC owned about 0.06% of PAR Technology at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PAR. Victory Capital Management Inc. lifted its holdings in PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock valued at $236,000 after purchasing an additional 219 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in PAR Technology during the 3rd quarter worth $308,000. Intech Investment Management LLC bought a new position in PAR Technology during the 3rd quarter worth $598,000. Charles Schwab Investment Management Inc. increased its position in PAR Technology by 7.5% during the 3rd 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. Finally, The Manufacturers Life Insurance Company increased its position in PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker's stock worth $892,000 after buying an additional 974 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on PAR. StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reiterated an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, The Goldman Sachs Group raised their price target on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.86.

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PAR Technology Price Performance

Shares of NYSE PAR traded up $0.85 during mid-day trading on Friday, reaching $61.85. The company had a trading volume of 496,827 shares, compared to its average volume of 411,499. The business's 50-day simple moving average is $67.29 and its 200 day simple moving average is $66.44. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -247.39 and a beta of 2.20. 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 one year low of $37.74 and a one year 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) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The business had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's quarterly revenue was up 50.2% compared to the same quarter last year. During the same period last year, the business earned ($0.33) earnings per share. On average, research analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.