Verition Fund Management LLC Acquires Shares of 25,494 PAR Technology Co. (NYSE:PAR)

Verition Fund Management LLC acquired a new stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,494 shares of the software maker's stock, valued at approximately $1,328,000. Verition Fund Management LLC owned 0.07% of PAR Technology at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in PAR Technology by 0.9% in the 3rd quarter. Captrust Financial Advisors now owns 127,241 shares of the software maker's stock worth $6,627,000 after acquiring an additional 1,167 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of PAR Technology by 8.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,894 shares of the software maker's stock valued at $3,484,000 after buying an additional 5,225 shares in the last quarter. PEAK6 Investments LLC boosted its holdings in PAR Technology by 59.6% in the 3rd quarter. PEAK6 Investments LLC now owns 83,850 shares of the software maker's stock worth $4,367,000 after buying an additional 31,328 shares during the period. MetLife Investment Management LLC increased its stake in PAR Technology by 6.5% in the 3rd quarter. MetLife Investment Management LLC now owns 20,733 shares of the software maker's stock worth $1,080,000 after buying an additional 1,262 shares in the last quarter. Finally, Cynosure Group LLC bought a new stake in PAR Technology during the third quarter valued at about $339,000.

PAR Technology Trading Up 1.3 %

NYSE PAR traded up $1.00 during trading hours on Friday, hitting $78.70. 337,277 shares of the company were exchanged, compared to its average volume of 614,987. The stock has a market cap of $2.86 billion, a PE ratio of -314.80 and a beta of 2.20. 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 stock has a 50-day moving average price of $65.96 and a 200 day moving average price of $55.60. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to analysts' expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.35) earnings per share. Analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stephens upped their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Craig Hallum lifted their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded shares of PAR Technology from a "hold" rating to a "buy" rating and lifted their price target for the company from $45.00 to $60.00 in a report on Monday, August 12th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PAR Technology has a consensus rating of "Moderate Buy" and an average target price of $79.25.

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.