Rockefeller Capital Management L.P. Takes $5.87 Million Position in PAR Technology Co. (NYSE:PAR)

Rockefeller Capital Management L.P. purchased a new position in PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 80,822 shares of the software maker's stock, valued at approximately $5,873,000. Rockefeller Capital Management L.P. owned 0.21% of PAR Technology at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAR. Signaturefd LLC raised its position in PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares during the period. US Bancorp DE increased its stake in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after purchasing an additional 341 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of PAR Technology by 7.4% in 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 during the period. Aster Capital Management DIFC Ltd purchased a new position in PAR Technology in the fourth quarter valued at approximately $28,000. Finally, KBC Group NV grew its holdings in PAR Technology by 30.4% during 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 during the period.

Analyst Ratings Changes

Several brokerages have issued reports on PAR. 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. Stephens reiterated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology Price Performance

NYSE:PAR traded up $2.76 during trading hours on Wednesday, hitting $58.60. 51,094 shares of the company's stock traded hands, compared to its average volume of 430,240. The firm has a market cap of $2.36 billion, a P/E ratio of -234.39 and a beta of 1.95. 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's fifty day simple moving average is $60.45 and its two-hundred day simple moving average is $66.92. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) EPS 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 business had revenue of $105.01 million for the quarter, compared to analysts' expectations of $99.10 million. During the same period in the previous year, the firm posted ($0.33) EPS. The firm's revenue for the quarter was up 50.2% compared to the same quarter last year. On average, research analysts anticipate that PAR Technology Co. will post -1.47 earnings per share 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.