PAR Technology Corporation (NYSE:PAR) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its stake in PAR Technology Corporation (NYSE:PAR - Free Report) by 32.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,930 shares of the software maker's stock after selling 5,145 shares during the period. Legato Capital Management LLC's holdings in PAR Technology were worth $670,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

PAR Technology Price Performance

PAR Technology stock traded up $0.02 during midday trading on Friday, reaching $68.24. The company had a trading volume of 242,542 shares, compared to its average volume of 390,717. The company has a market capitalization of $2.76 billion, a P/E ratio of -524.92 and a beta of 1.69. PAR Technology Corporation has a 12-month low of $43.50 and a 12-month high of $82.24. The firm's fifty day simple moving average is $67.04 and its 200-day simple moving average is $65.01. 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 released its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, topping 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 period last year, the company posted ($0.36) EPS. The business's revenue was up 48.2% on a year-over-year basis. As a group, equities analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.