CenterBook Partners LP Sells 15,810 Shares of PAR Technology Corporation (NYSE:PAR)

CenterBook Partners LP lessened its holdings in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 61.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,069 shares of the software maker's stock after selling 15,810 shares during the period. CenterBook Partners LP's holdings in PAR Technology were worth $618,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after acquiring an additional 168 shares in the last quarter. Signaturefd LLC raised its holdings in 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 acquiring an additional 279 shares in the last quarter. Victory Capital Management Inc. raised its holdings in PAR Technology by 7.8% in the 1st quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker's stock valued at $291,000 after acquiring an additional 343 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in PAR Technology in the 4th quarter valued at approximately $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology in the 4th quarter valued at approximately $29,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAR shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. The Goldman Sachs Group upped their price objective 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 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology Trading Down 0.6%

Shares of PAR stock traded down $0.44 during trading hours on Friday, reaching $69.39. The company had a trading volume of 305,694 shares, compared to its average volume of 431,278. The company has a 50 day moving average of $66.93 and a 200 day moving average of $65.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -533.77 and a beta of 1.69. PAR Technology Corporation has a 1-year low of $43.50 and a 1-year high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The firm's revenue was up 48.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.36) EPS. On average, equities research analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the transaction, the director owned 11,760 shares in the company, valued at $822,964.80. This trade represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

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.