Cushing Capital Partners LLC Decreases Holdings in PAR Technology Corporation (NYSE:PAR)

Cushing Capital Partners LLC lowered its position in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 79.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,661 shares of the software maker's stock after selling 14,502 shares during the period. Cushing Capital Partners LLC's holdings in PAR Technology were worth $225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology during the fourth quarter worth about $28,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of PAR Technology during the fourth quarter worth about $29,000. Versant Capital Management Inc grew its holdings in shares of PAR Technology by 996.6% during the first quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock worth $40,000 after buying an additional 588 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of PAR Technology during the first quarter worth about $40,000. Finally, GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 488 shares during the last quarter.

Wall Street Analysts Forecast Growth

PAR has been the topic of a number of research reports. Stephens reissued an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Wall Street Zen raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Stock Performance

PAR traded up $0.40 during trading on Friday, reaching $63.37. The company's stock had a trading volume of 614,585 shares, compared to its average volume of 431,936. PAR Technology Corporation has a 52-week low of $41.86 and a 52-week high of $82.24. The company's fifty day moving average price is $63.03 and its 200-day moving average price is $66.05. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -487.44 and a beta of 1.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 2.05.

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

Insider Transactions at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business'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 transaction of $69,980.00. Following the sale, the director now owns 11,760 shares of the company's stock, valued at $822,964.80. The trade was a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company's stock.

PAR Technology 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.