Wasatch Advisors LP Sells 139,979 Shares of PAR Technology Co. (NYSE:PAR)

Wasatch Advisors LP trimmed its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221,083 shares of the software maker's stock after selling 139,979 shares during the quarter. Wasatch Advisors LP owned approximately 0.57% of PAR Technology worth $16,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAR. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the fourth quarter valued at $28,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of PAR Technology in the fourth quarter worth $29,000. Signaturefd LLC grew its position in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares during the period. US Bancorp DE lifted 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 purchasing an additional 341 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology during the 4th quarter worth approximately $113,000.

PAR Technology Stock Up 0.2 %

PAR stock traded up $0.11 during mid-day trading on Friday, hitting $56.40. 318,268 shares of the company were exchanged, compared to its average volume of 431,926. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The firm has a market cap of $2.27 billion, a P/E ratio of -225.60 and a beta of 1.95. The firm's 50 day simple moving average is $60.95 and its 200 day simple moving average is $66.87. 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 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). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. During the same quarter last year, the business posted ($0.33) earnings per share. The company's revenue for the quarter was up 50.2% on a year-over-year basis. On average, sell-side analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PAR shares. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.86.

PAR Technology Company 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.