PAR Technology Corporation $PAR is Greenstone Partners & Co. LLC's 4th Largest Position

Key Points

• Greenstone Partners & Co. LLC has decreased its stake in PAR Technology Corporation by 1.2%, now holding a total of 563,073 shares.
• Various institutional investors have significantly increased their positions in PAR Technology, with Caitong International Asset Management raising its stake by 8,616.7%.
• Recent analyst ratings reflect a generally positive outlook for PAR Technology, with a consensus price target of $78.43 and several firms issuing buy ratings.

Greenstone Partners & Co. LLC lowered its holdings in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 563,073 shares of the software maker's stock after selling 6,688 shares during the period. PAR Technology makes up about 9.2% of Greenstone Partners & Co. LLC's holdings, making the stock its 4th biggest position. Greenstone Partners & Co. LLC owned 1.39% of PAR Technology worth $34,539,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Nuveen LLC purchased a new position in PAR Technology during the 1st quarter valued at about $24,500,000. GW&K Investment Management LLC bought a new position in shares of PAR Technology in the 1st quarter valued at about $24,018,000. Nuveen Asset Management LLC raised its stake in shares of PAR Technology by 194.2% during the fourth quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock valued at $29,086,000 after acquiring an additional 264,188 shares in the last quarter. Voss Capital LP increased its holdings in PAR Technology by 16.9% during the first quarter. Voss Capital LP now owns 1,706,362 shares of the software maker's stock valued at $104,668,000 after buying an additional 246,362 shares during the period. Finally, Invesco Ltd. grew its holdings in PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock worth $92,767,000 after purchasing an additional 228,369 shares during the last quarter.

PAR Technology Stock Up 2.2%

Shares of PAR Technology stock traded up $1.11 on Wednesday, hitting $52.21. The company had a trading volume of 233,177 shares, compared to its average volume of 515,022. PAR Technology Corporation has a twelve month low of $46.24 and a twelve month high of $82.24. The stock has a 50-day moving average of $62.40 and a 200-day moving average of $62.43. The firm has a market capitalization of $2.12 billion, a P/E ratio of -23.17 and a beta of 1.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $112.40 million for the quarter, compared to the consensus estimate of $111.02 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.PAR Technology's revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.23) earnings per share. Research analysts predict that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PAR. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. Benchmark reduced their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Finally, BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Friday, August 15th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $78.43.

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.