Semanteon Capital Management LP Takes Position in PAR Technology Co. (NYSE:PAR)

Semanteon Capital Management LP purchased a new stake in PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,558 shares of the software maker's stock, valued at approximately $1,421,000. Semanteon Capital Management LP owned approximately 0.05% of PAR Technology as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PAR. Signaturefd LLC raised its stake in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE raised its stake in shares of PAR Technology by 104.3% in 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 in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology in the 4th quarter valued at $113,000. KBC Group NV lifted its holdings in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after acquiring an additional 400 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of PAR Technology during the 4th quarter valued at about $205,000.

Wall Street Analyst Weigh In

PAR has been the subject of a number of analyst reports. Craig Hallum restated a "buy" rating 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 report on Monday, March 3rd. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens restated an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. One research 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

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PAR Technology Trading Down 0.7 %

PAR stock traded down $0.42 during midday trading on Tuesday, reaching $63.61. The company's stock had a trading volume of 294,574 shares, compared to its average volume of 410,703. The business's 50-day simple moving average is $67.23 and its 200-day simple moving average is $66.62. The stock has a market cap of $2.56 billion, a PE ratio of -254.43 and a beta of 2.20. PAR Technology Co. has a 52 week low of $37.74 and a 52 week 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.

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