Versor Investments LP Buys New Shares in PAR Technology Co. (NYSE:PAR)

Versor Investments LP purchased a new position in PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,751 shares of the software maker’s stock, valued at approximately $273,000.

Other institutional investors have also recently made changes to their positions in the company. TimesSquare Capital Management LLC purchased a new stake in PAR Technology in the 3rd quarter worth approximately $14,398,000. Bamco Inc. NY boosted its position in shares of PAR Technology by 15.2% in 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. Fred Alger Management LLC bought a new position in shares of PAR Technology in the third quarter worth approximately $6,600,000. Geode Capital Management LLC increased its stake in shares of PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after purchasing an additional 81,551 shares in the last quarter. Finally, Castleark Management LLC raised its position in shares of PAR Technology by 196.0% during the 3rd quarter. Castleark Management LLC now owns 116,370 shares of the software maker’s stock valued at $6,061,000 after purchasing an additional 77,050 shares during the period.

Analyst Ratings Changes

Several brokerages recently weighed in on PAR. The Goldman Sachs Group upped their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday. Finally, Lake Street Capital increased their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Price Performance

Shares of PAR Technology stock opened at $64.35 on Tuesday. The firm has a market cap of $2.49 billion, a PE ratio of -257.39 and a beta of 2.22. The stock has a 50 day moving average of $70.16 and a 200 day moving average of $65.74. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. 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). 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 the consensus estimate of $99.10 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. The firm’s revenue was up 50.2% compared to the same quarter last year. On average, research analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

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.