Lisanti Capital Growth LLC Sells 22,755 Shares of PAR Technology Corporation (NYSE:PAR)

Lisanti Capital Growth LLC cut its position in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 31.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAR. The Manufacturers Life Insurance Company lifted its position in shares of PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after acquiring an additional 168 shares in the last quarter. Signaturefd LLC raised its stake in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares during the period. US Bancorp DE raised its stake in PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after purchasing an additional 341 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology in the fourth quarter valued at $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology in the fourth quarter worth $29,000.

Insiders Place Their Bets

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the transaction, the director directly owned 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PAR shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Monday, May 12th. The Goldman Sachs Group boosted their price objective 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.

PAR Technology Stock Up 0.4%

Shares of NYSE PAR traded up $0.29 during trading hours on Wednesday, hitting $67.11. The stock had a trading volume of 290,649 shares, compared to its average volume of 432,160. The company has a market capitalization of $2.72 billion, a P/E ratio of -516.23 and a beta of 1.69. The firm's 50-day moving average price is $64.63 and its two-hundred day moving average price is $65.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 2.05. PAR Technology Corporation has a 52 week low of $43.50 and a 52 week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last released 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. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The company had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter last year, the firm posted ($0.36) earnings per share. The company's quarterly revenue was up 48.2% compared to the same quarter last year. Analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

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.