CenterBook Partners LP Has $618,000 Position in PAR Technology Corporation (NYSE:PAR)

CenterBook Partners LP lessened its stake in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 61.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PAR. Aster Capital Management DIFC Ltd acquired a new position in shares of PAR Technology in the 4th quarter valued at about $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the 4th quarter valued at about $29,000. Versant Capital Management Inc grew its stake in shares of PAR Technology by 996.6% during the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock worth $40,000 after acquiring an additional 588 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of PAR Technology in the first quarter valued at about $40,000. Finally, GAMMA Investing LLC raised its stake in PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after acquiring an additional 488 shares in the last quarter.

PAR Technology Price Performance

NYSE:PAR traded up $0.21 during mid-day trading on Monday, reaching $69.64. 141,139 shares of the company were exchanged, compared to its average volume of 431,020. The stock has a market cap of $2.82 billion, a PE ratio of -533.83 and a beta of 1.69. The company has a fifty day moving average of $66.93 and a 200 day moving average of $64.99. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. PAR Technology Corporation has a 12 month low of $43.50 and a 12 month high of $82.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. The company had revenue of $103.86 million for the quarter, compared to analysts' expectations of $105.16 million. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. PAR Technology's quarterly revenue was up 48.2% compared to the same quarter last year. During the same period last year, the business earned ($0.36) EPS. On average, research analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on PAR. The Goldman Sachs Group raised their price target on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, July 11th. 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.

Insiders Place Their Bets

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

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.