PAR Technology Corporation (NYSE:PAR) is Greenhaven Road Investment Management L.P.'s Largest Position

Greenhaven Road Investment Management L.P. cut its holdings in PAR Technology Corporation (NYSE:PAR - Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,007,289 shares of the software maker's stock after selling 70,969 shares during the quarter. PAR Technology comprises 25.2% of Greenhaven Road Investment Management L.P.'s holdings, making the stock its biggest position. Greenhaven Road Investment Management L.P. owned approximately 2.49% of PAR Technology worth $61,787,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PAR. Invesco Ltd. lifted its stake in PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock valued at $93,307,000 after buying an additional 644,920 shares during the period. Reinhart Partners LLC. increased its position in shares of PAR Technology by 15.0% in the first quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker's stock worth $52,681,000 after purchasing an additional 112,183 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PAR Technology by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock worth $48,000,000 after buying an additional 26,008 shares in the last quarter. Next Century Growth Investors LLC increased its stake in PAR Technology by 15.7% in the 4th quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker's stock worth $37,683,000 after purchasing an additional 70,386 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in shares of PAR Technology during the fourth quarter valued at approximately $33,011,000.

Insider Transactions at PAR Technology

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

Analyst Ratings Changes

PAR has been the topic of several analyst reports. The Goldman Sachs Group boosted their target price on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Trading Up 0.7%

PAR traded up $0.47 during trading on Wednesday, hitting $70.98. The company's stock had a trading volume of 114,883 shares, compared to its average volume of 430,603. PAR Technology Corporation has a twelve month low of $43.50 and a twelve month high of $82.24. The firm's 50 day moving average price is $67.01 and its 200-day moving average price is $64.96. The stock has a market cap of $2.87 billion, a PE ratio of -544.54 and a beta of 1.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83.

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, beating analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The business had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the prior year, the business posted ($0.36) EPS. The company's revenue for the quarter was up 48.2% on a year-over-year basis. On average, analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current year.

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.