Rock Creek Group LP Has $3.63 Million Stake in PAR Technology Co. (NYSE:PAR)

Rock Creek Group LP trimmed its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 50,000 shares of the software maker's stock after selling 7,328 shares during the quarter. PAR Technology comprises about 0.3% of Rock Creek Group LP's portfolio, making the stock its 17th biggest holding. Rock Creek Group LP owned approximately 0.13% of PAR Technology worth $3,634,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new stake in PAR Technology during the fourth quarter worth about $33,011,000. Bamco Inc. NY increased its stake in PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock valued at $60,981,000 after acquiring an additional 154,921 shares during the last quarter. TimesSquare Capital Management LLC raised its position in PAR Technology by 47.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock valued at $29,547,000 after purchasing an additional 130,121 shares in the last quarter. Fred Alger Management LLC bought a new stake in PAR Technology during the third quarter worth $6,600,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of PAR Technology in the 4th quarter valued at $6,275,000.

PAR Technology Trading Down 0.6 %

PAR Technology stock traded down $0.38 during mid-day trading on Wednesday, hitting $61.20. 334,161 shares of the stock were exchanged, compared to its average volume of 416,884. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -244.79 and a beta of 2.20. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. 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 firm's fifty day simple moving average is $65.84 and its two-hundred day simple moving average is $66.96.

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PAR Technology (NYSE:PAR - Get Free Report) last announced 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). The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.33) EPS. Analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAR. Stephens reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One equities research 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, PAR Technology currently 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.