GAMMA Investing LLC Raises Stock Holdings in PAR Technology Co. (NYSE:PAR)

GAMMA Investing LLC lifted its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 20,288.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,815 shares of the software maker's stock after purchasing an additional 42,605 shares during the quarter. GAMMA Investing LLC owned about 0.11% of PAR Technology worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology in the fourth quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the fourth quarter worth $29,000. Versant Capital Management Inc raised its position in shares of PAR Technology by 996.6% in the first quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after purchasing an additional 588 shares during the period. Signaturefd LLC grew its holdings in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after buying an additional 279 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares during the period.

Insider Buying and Selling at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business'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 completion of the transaction, the director now directly owns 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PAR shares. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Wall Street Zen upgraded PAR Technology to a "sell" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PAR Technology currently has an average rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Price Performance

Shares of NYSE PAR traded down $1.53 during midday trading on Friday, reaching $62.10. The company's stock had a trading volume of 278,131 shares, compared to its average volume of 431,565. The company has a market cap of $2.51 billion, a P/E ratio of -248.39 and a beta of 1.70. The business's 50 day moving average price is $62.04 and its two-hundred day moving average price is $66.83. PAR Technology Co. has a fifty-two week low of $41.86 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue for the quarter was up 48.2% on a year-over-year basis. During the same period last year, the firm posted ($0.36) earnings per share. On average, analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal 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.