PAR Technology Co. (NYSE:PAR) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in PAR Technology Co. (NYSE:PAR) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 973,287 shares of the software maker’s stock after selling 210,992 shares during the quarter. PAR Technology accounts for 0.7% of Royce & Associates LP’s investment portfolio, making the stock its 21st largest position. Royce & Associates LP owned 2.51% of PAR Technology worth $70,729,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in PAR. Bamco Inc. NY lifted its holdings in PAR Technology by 15.2% during the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after buying an additional 154,921 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in PAR Technology by 47.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock worth $29,547,000 after buying an additional 130,121 shares in the last quarter. Fred Alger Management LLC acquired a new stake in PAR Technology during the 3rd quarter worth approximately $6,600,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in PAR Technology during the 4th quarter worth approximately $6,275,000. Finally, Geode Capital Management LLC lifted its holdings in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after buying an additional 81,551 shares in the last quarter.

PAR Technology Trading Down 0.6 %

NYSE PAR opened at $58.54 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The firm’s fifty day moving average price is $68.13 and its 200 day moving average price is $66.17. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -234.17 and a beta of 2.19. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24.

PAR Technology (NYSE:PAR) last posted its earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The company had revenue of $105.01 million during the quarter, compared to analysts’ expectations of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period last year, the business earned ($0.33) earnings per share. On average, sell-side analysts expect 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 research analysts have issued reports on PAR shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Monday, March 3rd. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

PAR Technology 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.