Quantessence Capital LLC Invests $297,000 in PAR Technology Co. (NYSE:PAR)

Quantessence Capital LLC purchased a new stake in PAR Technology Co. (NYSE:PAR) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,081 shares of the software maker’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after buying an additional 279 shares during the last quarter. US Bancorp DE boosted its stake in PAR Technology by 104.3% during 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 last quarter. Stratos Wealth Partners LTD. increased its holdings in PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock worth $361,000 after purchasing an additional 343 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology in the fourth quarter worth approximately $28,000. Finally, KBC Group NV lifted its holdings in shares of PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after purchasing an additional 400 shares in the last quarter.

PAR Technology Price Performance

PAR Technology stock opened at $55.82 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The business’s 50 day simple moving average is $60.45 and its 200 day simple moving average is $66.92. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -223.28 and a beta of 1.95.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The firm’s revenue was up 50.2% compared to the same quarter last year. Sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating 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. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.86.

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.