Balyasny Asset Management L.P. Buys 5,862 Shares of PAR Technology Co. (NYSE:PAR)

Balyasny Asset Management L.P. boosted its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 16.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,793 shares of the software maker's stock after acquiring an additional 5,862 shares during the period. Balyasny Asset Management L.P. owned 0.11% of PAR Technology worth $2,964,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAR. Barclays PLC grew its stake in PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after acquiring an additional 51,578 shares in the last quarter. Franklin Resources Inc. grew its stake in PAR Technology by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock valued at $903,000 after acquiring an additional 932 shares in the last quarter. Moody National Bank Trust Division grew its stake in PAR Technology by 119.2% during the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after acquiring an additional 13,200 shares in the last quarter. Yarbrough Capital LLC grew its stake in shares of PAR Technology by 61.9% in the 4th quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker's stock worth $917,000 after buying an additional 4,820 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of PAR Technology by 18.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock worth $779,000 after buying an additional 1,663 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PAR shares. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Monday, May 12th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Trading Up 0.4%

Shares of PAR Technology stock traded up $0.27 during trading on Friday, hitting $69.75. The stock had a trading volume of 307,660 shares, compared to its average volume of 437,689. The firm's fifty day simple moving average is $59.82 and its 200-day simple moving average is $67.44. The stock has a market cap of $2.82 billion, a PE ratio of -278.97 and a beta of 1.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 12 month low of $41.86 and a 12 month high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $103.86 million during the quarter, compared to analyst estimates 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 revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.36) EPS. As a group, sell-side analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

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.