BluePointe Capital Management LLC Reduces Stock Position in PAR Technology Corporation (NYSE:PAR)

BluePointe Capital Management LLC trimmed its position in PAR Technology Corporation (NYSE:PAR - Free Report) by 33.3% in the first quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PAR. The Manufacturers Life Insurance Company increased its stake in shares of PAR Technology by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after buying an additional 168 shares during the period. Signaturefd LLC grew its stake in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after buying an additional 279 shares during the period. US Bancorp DE grew its stake in shares of PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology in the 4th quarter valued at about $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology in the 4th quarter valued at about $29,000.

Insider Buying and Selling at PAR Technology

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the transaction, the director owned 11,760 shares in the company, valued at approximately $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by insiders.

PAR Technology Stock Down 0.7%

Shares of NYSE:PAR traded down $0.46 during mid-day trading on Friday, hitting $69.37. 195,796 shares of the company traded hands, compared to its average volume of 432,508. PAR Technology Corporation has a 12-month low of $43.50 and a 12-month high of $82.24. The stock has a 50-day moving average price of $66.83 and a two-hundred day moving average price of $65.11. The stock has a market cap of $2.81 billion, a P/E ratio of -533.54 and a beta of 1.69. The company has a current ratio of 2.05, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46.

PAR Technology (NYSE:PAR - Get Free Report) last announced 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. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The firm had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the business earned ($0.36) EPS. The company's revenue was up 48.2% compared to the same quarter last year. On average, equities research analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on PAR shares. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, July 11th. The Goldman Sachs Group lifted their price target on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. One investment 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. According to MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.

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.