EntryPoint Capital LLC Purchases New Stake in PAR Technology Co. (NYSE:PAR)

EntryPoint Capital LLC purchased a new stake in shares of PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,703 shares of the software maker’s stock, valued at approximately $342,000.

A number of other large investors have also added to or reduced their stakes in PAR. Bamco Inc. NY boosted its holdings in shares of PAR Technology by 15.2% during the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after purchasing an additional 154,921 shares during the period. State Street Corp lifted its holdings in PAR Technology by 1.2% in the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker’s stock worth $46,108,000 after buying an additional 10,582 shares during the period. Geode Capital Management LLC grew its position in shares of PAR Technology by 11.1% in 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 during the last quarter. TimesSquare Capital Management LLC increased its stake in shares of PAR Technology by 47.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after buying an additional 130,121 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after acquiring an additional 20,811 shares in the last quarter.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $62.39 on Thursday. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The firm’s 50-day moving average is $66.79 and its 200 day moving average is $66.66. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -249.53 and a beta of 2.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last posted its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter in the previous year, the company earned ($0.33) EPS. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. Sell-side analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reaffirmed a “buy” rating 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 note on Monday, March 3rd. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.