PAR Technology Co. (NYSE:PAR) Holdings Cut by Capital Research Global Investors

Capital Research Global Investors cut its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,083,065 shares of the software maker's stock after selling 447,778 shares during the quarter. Capital Research Global Investors owned approximately 7.96% of PAR Technology worth $224,046,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PAR. Invesco Ltd. boosted its position in shares of PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after acquiring an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in PAR Technology during the fourth quarter worth approximately $33,011,000. TimesSquare Capital Management LLC boosted its holdings in shares of PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock valued at $29,547,000 after purchasing an additional 130,121 shares during the last quarter. PEAK6 LLC purchased a new stake in shares of PAR Technology during the 4th quarter valued at $9,381,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PAR Technology in the 4th quarter worth $6,275,000.

Analyst Ratings Changes

PAR has been the subject of several research analyst reports. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Finally, Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Stock Up 0.7 %

NYSE:PAR traded up $0.40 during mid-day trading on Friday, reaching $59.86. The stock had a trading volume of 214,978 shares, compared to its average volume of 433,438. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -239.43 and a beta of 1.95. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The stock's 50 day simple moving average is $59.91 and its two-hundred day simple moving average is $66.92.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share 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 during the quarter, compared to the consensus estimate of $99.10 million. During the same quarter last year, the firm posted ($0.33) earnings per share. PAR Technology's revenue was up 50.2% compared to the same quarter last year. Equities analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current 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.