Ewing Morris & Co. Investment Partners Ltd. Buys Shares of 13,500 PAR Technology Co. (NYSE:PAR)

Ewing Morris & Co. Investment Partners Ltd. bought a new position in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 13,500 shares of the software maker's stock, valued at approximately $981,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in PAR Technology during the fourth quarter worth $28,000. Mountain Hill Investment Partners Corp. bought a new position in PAR Technology in the 4th quarter valued at approximately $29,000. Signaturefd LLC raised its holdings in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE grew its position 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 buying an additional 341 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the 4th quarter valued at $113,000.

Analysts Set New Price Targets

A number of research firms have issued reports on PAR. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Stephens reissued an "overweight" rating and issued a $90.00 target price 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 given a buy rating to the company. According to MarketBeat.com, PAR Technology currently has an average rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Trading Up 2.3%

Shares of PAR Technology stock traded up $1.51 on Monday, reaching $66.24. The company had a trading volume of 611,588 shares, compared to its average volume of 437,172. PAR Technology Co. has a 1 year low of $41.27 and a 1 year 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. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -264.93 and a beta of 1.76. The firm's 50-day moving average price is $59.24 and its two-hundred day moving average price is $67.17.

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 analysts' consensus estimates of ($0.05) by $0.04. The business had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's revenue was up 48.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) EPS. As a group, research analysts predict 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.