Virtu Financial LLC Invests $655,000 in PAR Technology Co. (NYSE:PAR)

Virtu Financial LLC acquired a new position in shares of PAR Technology Co. (NYSE:PAR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,570 shares of the software maker's stock, valued at approximately $655,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the second quarter valued at $32,000. Amalgamated Bank boosted its position in shares of PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock worth $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC acquired a new stake in shares of PAR Technology in the third quarter valued at about $125,000. RiverPark Advisors LLC purchased a new stake in shares of PAR Technology during the 2nd quarter valued at about $191,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of PAR Technology during the 2nd quarter valued at about $211,000.

PAR Technology Stock Performance

Shares of PAR traded down $1.36 during midday trading on Friday, hitting $75.63. 176,574 shares of the stock traded hands, compared to its average volume of 361,004. The business's 50 day moving average price is $68.52 and its two-hundred day moving average price is $56.59. The firm has a market capitalization of $2.75 billion, a PE ratio of -302.52 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 1-year low of $37.74 and a 1-year high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million during 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%. PAR Technology's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.35) EPS. Equities research analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on PAR shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Tuesday, November 26th. Craig Hallum lifted their target price on PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Lake Street Capital boosted their price target on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Benchmark raised their price objective on PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their target price on PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.