Proficio Capital Partners LLC Buys Shares of 24,708 PAR Technology Co. (NYSE:PAR)

Proficio Capital Partners LLC acquired a new position in PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 24,708 shares of the software maker's stock, valued at approximately $1,796,000. Proficio Capital Partners LLC owned 0.06% of PAR Technology as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PAR. Creative Planning bought a new position in shares of PAR Technology during the third quarter valued at approximately $316,000. TimesSquare Capital Management LLC bought a new position in PAR Technology in the 3rd quarter worth $14,398,000. Lisanti Capital Growth LLC purchased a new stake in shares of PAR Technology in the 3rd quarter worth about $3,520,000. Victory Capital Management Inc. boosted its stake in shares of 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of PAR Technology during the third quarter valued at about $308,000.

PAR Technology Stock Down 2.7 %

Shares of PAR traded down $1.75 during trading hours on Monday, hitting $62.50. The company had a trading volume of 498,832 shares, compared to its average volume of 499,176. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -250.00 and a beta of 2.20. The firm has a fifty day moving average price of $69.33 and a 200-day moving average price of $66.04. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on PAR. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target 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 report on Friday, February 28th. Finally, StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.