GAMMA Investing LLC increased its position in PAR Technology Co. (NYSE:PAR - Free Report) by 20,288.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,815 shares of the software maker's stock after buying an additional 42,605 shares during the period. GAMMA Investing LLC owned 0.11% of PAR Technology worth $2,626,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the fourth quarter valued at approximately $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology in the fourth quarter worth $29,000. Versant Capital Management Inc lifted its stake 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 worth $40,000 after buying an additional 588 shares during the last quarter. Signaturefd LLC lifted its stake in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $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 worth $49,000 after buying an additional 341 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens restated an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and an average price target of $79.86.
Check Out Our Latest Report on PAR Technology
PAR Technology Stock Performance
PAR stock traded up $0.42 on Monday, reaching $62.65. 685,586 shares of the company were exchanged, compared to its average volume of 433,748. PAR Technology Co. has a 12 month low of $41.86 and a 12 month high of $82.24. The stock's fifty day moving average price is $62.51 and its 200 day moving average price is $66.42. The firm has a market capitalization of $2.54 billion, a PE ratio of -250.59 and a beta of 1.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.
PAR Technology (NYSE:PAR - Get Free Report) last announced its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. 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 previous year, the firm posted ($0.36) earnings per share. PAR Technology's revenue was up 48.2% compared to the same quarter last year. On average, research analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.
Insider Buying and Selling at PAR Technology
In other PAR Technology 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 value 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 filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company's stock.
PAR Technology Company Profile
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Free Report)
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.
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