Castleark Management LLC Cuts Stock Holdings in PAR Technology Co. (NYSE:PAR)

Castleark Management LLC reduced its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,580 shares of the software maker's stock after selling 4,790 shares during the period. Castleark Management LLC owned approximately 0.29% of PAR Technology worth $8,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAR. Barclays PLC boosted its stake in shares of PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after buying an additional 51,578 shares during the period. Janney Montgomery Scott LLC raised its holdings in PAR Technology by 18.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock valued at $779,000 after acquiring an additional 1,663 shares in the last quarter. KBC Group NV lifted its stake in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after acquiring an additional 400 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in PAR Technology in the fourth quarter worth approximately $286,000. Finally, Stratos Wealth Partners LTD. grew its holdings in PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after acquiring an additional 343 shares in the last quarter.

PAR Technology Stock Up 0.3%

PAR opened at $69.40 on Wednesday. PAR Technology Co. has a one year low of $41.86 and a one year high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock has a market capitalization of $2.81 billion, a P/E ratio of -277.59 and a beta of 1.76. The business's 50-day simple moving average is $60.16 and its 200-day simple moving average is $67.56.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data 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. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. During the same quarter in the previous year, the business earned ($0.36) earnings per share. The firm's revenue for the quarter was up 48.2% on a year-over-year basis. Analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current year.

Wall Street Analyst Weigh In

PAR has been the topic of a number of analyst reports. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a report on Monday, May 12th. Stephens restated an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group lifted their price target on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Citigroup reiterated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.

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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