Lisanti Capital Growth LLC lowered its holdings in PAR Technology Corporation (NYSE:PAR - Free Report) by 31.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,060 shares of the software maker's stock after selling 22,755 shares during the quarter. Lisanti Capital Growth LLC owned 0.12% of PAR Technology worth $3,009,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology in the fourth quarter worth $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 increased 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 acquiring an additional 588 shares during the period. NBC Securities Inc. acquired a new stake in shares of PAR Technology in the first quarter worth $40,000. Finally, GAMMA Investing LLC increased its stake in shares of PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after acquiring an additional 488 shares during the period.
PAR Technology Price Performance
Shares of NYSE PAR traded up $0.33 during trading on Friday, hitting $68.06. The company had a trading volume of 1,487,384 shares, compared to its average volume of 430,554. The stock has a fifty day simple moving average of $64.13 and a two-hundred day simple moving average of $65.68. PAR Technology Corporation has a fifty-two week low of $43.50 and a fifty-two week high of $82.24. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -523.56 and a beta of 1.70. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46.
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, beating the consensus estimate 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 last year, the business earned ($0.36) earnings per share. The company's revenue for the quarter was up 48.2% compared to the same quarter last year. On average, research analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently commented on PAR shares. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Monday, May 12th. Wall Street Zen upgraded shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their price target on shares of PAR Technology from $57.00 to $65.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.
Read Our Latest Stock Report on PAR
Insider Transactions at PAR Technology
In other news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the transaction, the director now directly owns 11,760 shares of the company's stock, valued at approximately $822,964.80. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.70% of the company's stock.
About PAR Technology
(
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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