Capital Research Global Investors Decreases Stock Position in PAR Technology Co. (NYSE:PAR)

Capital Research Global Investors trimmed its position in shares of PAR Technology Co. (NYSE:PAR) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,083,065 shares of the software maker’s stock after selling 447,778 shares during the quarter. Capital Research Global Investors owned approximately 7.96% of PAR Technology worth $224,046,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of PAR Technology during the 4th quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the fourth quarter worth $29,000. Signaturefd LLC grew its holdings in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE increased 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 worth $49,000 after acquiring an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of PAR Technology during the 4th quarter worth $113,000.

PAR Technology Trading Up 0.2 %

PAR opened at $56.40 on Monday. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. 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 business has a fifty day simple moving average of $60.95 and a 200-day simple moving average of $66.98. The firm has a market cap of $2.27 billion, a P/E ratio of -225.60 and a beta of 1.95.

PAR Technology (NYSE:PAR) last announced 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 firm had revenue of $105.01 million for 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 business’s revenue was up 50.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.33) earnings per share. On average, equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an “overweight” rating and set 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 report on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Benchmark restated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PAR Technology currently has a consensus rating of “Moderate Buy” and an average 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.