Balyasny Asset Management L.P. Has $2.96 Million Stock Position in PAR Technology Co. (NYSE:PAR)

Balyasny Asset Management L.P. lifted its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,793 shares of the software maker's stock after purchasing an additional 5,862 shares during the quarter. Balyasny Asset Management L.P. owned about 0.11% of PAR Technology worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new stake in PAR Technology in the fourth quarter worth $350,000. Northern Trust Corp grew its position in shares of PAR Technology by 7.4% during the fourth quarter. Northern Trust Corp now owns 352,079 shares of the software maker's stock worth $25,586,000 after acquiring an additional 24,248 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock worth $1,257,000 after acquiring an additional 168 shares during the period. RiverPark Advisors LLC lifted its position in PAR Technology by 169.9% in the 4th quarter. RiverPark Advisors LLC now owns 13,305 shares of the software maker's stock valued at $967,000 after purchasing an additional 8,376 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in PAR Technology during the 4th quarter valued at about $30,392,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAR. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Monday. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. The Goldman Sachs Group increased their price target on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology Price Performance

Shares of PAR Technology stock traded down $0.11 during trading on Thursday, hitting $69.47. The stock had a trading volume of 325,635 shares, compared to its average volume of 436,570. The business has a fifty day moving average of $59.53 and a two-hundred day moving average of $67.26. The firm has a market cap of $2.81 billion, a P/E ratio of -277.87 and a beta of 1.76. PAR Technology Co. has a fifty-two week low of $41.86 and a fifty-two week high of $82.24. 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 (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, topping analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.36) earnings per share. On average, sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.