PAR Technology Co. (NYSE:PAR) Position Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in PAR Technology Co. (NYSE:PAR - Free Report) by 87.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,213 shares of the software maker's stock after selling 81,579 shares during the quarter. Squarepoint Ops LLC's holdings in PAR Technology were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PAR. Aster Capital Management DIFC Ltd bought a new stake in PAR Technology during the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of PAR Technology during the fourth quarter valued at $29,000. Signaturefd LLC raised its stake in shares of PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE lifted its holdings in 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 purchasing an additional 341 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in PAR Technology during the 4th quarter valued at about $113,000.

Analysts Set New Price Targets

A number of research analysts recently commented on PAR shares. Stephens reiterated an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Wall Street Zen raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. The Goldman Sachs Group upped their price target on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reiterated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.

Insider Transactions at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the sale, the director now owns 11,760 shares in the company, valued at $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.

PAR Technology Trading Up 2.2%

Shares of PAR Technology stock traded up $1.40 on Tuesday, reaching $65.50. 229,851 shares of the company were exchanged, compared to its average volume of 434,606. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a fifty-two week low of $41.86 and a fifty-two week high of $82.24. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -262.00 and a beta of 1.76. The stock has a fifty day moving average price of $60.92 and a 200-day moving average price of $67.28.

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

PAR Technology 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.