Graham Capital Management L.P. acquired a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,370 shares of the software maker's stock, valued at approximately $826,000.
Other large investors also recently modified their holdings of the company. Granahan Investment Management LLC grew its position in shares of PAR Technology by 115.5% in the 4th quarter. Granahan Investment Management LLC now owns 347,916 shares of the software maker's stock valued at $25,283,000 after buying an additional 186,490 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of PAR Technology in the 4th quarter valued at $981,000. Fred Alger Management LLC grew its position in shares of PAR Technology by 146.1% in the 4th quarter. Fred Alger Management LLC now owns 311,841 shares of the software maker's stock valued at $22,661,000 after buying an additional 185,107 shares during the last quarter. Deutsche Bank AG grew its position in shares of PAR Technology by 97.2% in the 4th quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock valued at $2,824,000 after buying an additional 19,159 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of PAR Technology by 176.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 103,010 shares of the software maker's stock valued at $7,486,000 after buying an additional 65,813 shares during the last quarter.
PAR Technology Stock Performance
Shares of NYSE:PAR traded up $0.27 during midday trading on Friday, hitting $69.75. The stock had a trading volume of 307,660 shares, compared to its average volume of 436,982. The company has a market capitalization of $2.82 billion, a PE ratio of -278.97 and a beta of 1.76. The stock has a 50 day moving average price of $59.82 and a two-hundred day moving average price of $67.38. 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 1 year low of $41.86 and a 1 year high of $82.24.
PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.36) earnings per share. As a group, equities analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
PAR has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Monday, May 12th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Stephens reissued an "overweight" rating and set a $90.00 price objective 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 assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and an average price target of $79.86.
Read Our Latest Research Report on PAR
About PAR Technology
(
Free Report)
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.
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