Graham Capital Management L.P. Has $2.56 Million Stock Position in PAR Technology Corporation $PAR

Key Points

• Graham Capital Management L.P. increased its stake in PAR Technology Corporation by 267% during the first quarter, owning 41,730 shares worth $2.56 million.
• PAR Technology missed quarterly earnings estimates with $0.03 earnings per share, while revenue increased 43.8% year-over-year, totaling $112.4 million.
• Investment analysts rate PAR Technology as a "Moderate Buy" with a consensus target price of $78.43.

Graham Capital Management L.P. raised its stake in PAR Technology Corporation (NYSE:PAR - Free Report) by 267.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 41,730 shares of the software maker's stock after purchasing an additional 30,360 shares during the period. Graham Capital Management L.P. owned 0.10% of PAR Technology worth $2,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PAR. Caitong International Asset Management Co. Ltd increased its position in shares of PAR Technology by 8,616.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker's stock worth $32,000 after purchasing an additional 517 shares during the last quarter. Versant Capital Management Inc increased its position in shares of PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock worth $40,000 after purchasing an additional 588 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of PAR Technology in the 1st quarter worth about $40,000. GAMMA Investing LLC increased its position in shares of PAR Technology by 232.4% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after purchasing an additional 488 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of PAR Technology by 161.7% in the 1st quarter. Assetmark Inc. now owns 785 shares of the software maker's stock worth $48,000 after purchasing an additional 485 shares during the last quarter.

PAR Technology Trading Up 0.6%

Shares of NYSE:PAR traded up $0.27 during mid-day trading on Friday, hitting $48.39. The stock had a trading volume of 899,211 shares, compared to its average volume of 1,151,175. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. The company has a market cap of $1.96 billion, a PE ratio of -21.50 and a beta of 1.64. PAR Technology Corporation has a 12-month low of $46.24 and a 12-month high of $82.24. The company's 50 day moving average is $59.95 and its 200-day moving average is $61.42.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $112.40 million during the quarter, compared to analysts' expectations of $111.02 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm's revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. On average, sell-side analysts predict that PAR Technology Corporation will post -1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PAR shares. BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a research report on Friday, August 15th. The Goldman Sachs Group upped their price target 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. Benchmark reduced their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and an average price target of $78.43.

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.