BluePointe Capital Management LLC Sells 7,500 Shares of PAR Technology Corporation (NYSE:PAR)

BluePointe Capital Management LLC lessened its holdings in PAR Technology Corporation (NYSE:PAR - Free Report) by 33.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,010 shares of the software maker's stock after selling 7,500 shares during the period. BluePointe Capital Management LLC's holdings in PAR Technology were worth $921,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology in the fourth quarter valued at approximately $28,000. Mountain Hill Investment Partners Corp. bought a new position in PAR Technology in the fourth quarter valued at approximately $29,000. Signaturefd LLC boosted its stake in PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after acquiring an additional 279 shares during the last quarter. Versant Capital Management Inc boosted its stake in PAR Technology by 996.6% in the first quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after acquiring an additional 588 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in PAR Technology in the first quarter valued at approximately $40,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PAR shares. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Trading Down 0.0%

Shares of NYSE:PAR opened at $69.05 on Tuesday. PAR Technology Corporation has a 12 month low of $43.50 and a 12 month high of $82.24. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The company's fifty day simple moving average is $66.19 and its 200 day simple moving average is $65.12. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -531.12 and a beta of 1.69.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The company's revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.36) EPS. As a group, research analysts forecast that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Insider Transactions at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the sale, the director directly owned 11,760 shares of the company's stock, valued at approximately $822,964.80. This represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company's stock.

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.

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