Two Sigma Investments LP Has $1.30 Million Position in PAR Technology Co. (NYSE:PAR)

Two Sigma Investments LP lifted its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 359.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,905 shares of the software maker's stock after purchasing an additional 14,005 shares during the quarter. Two Sigma Investments LP's holdings in PAR Technology were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PAR. Sherbrooke Park Advisers LLC acquired a new stake in shares of PAR Technology in the 4th quarter valued at $207,000. ProShare Advisors LLC lifted its position in PAR Technology by 37.5% during the 4th quarter. ProShare Advisors LLC now owns 9,472 shares of the software maker's stock valued at $688,000 after purchasing an additional 2,582 shares during the period. Nuveen Asset Management LLC lifted its position in PAR Technology by 194.2% during the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock valued at $29,086,000 after purchasing an additional 264,188 shares during the period. Occudo Quantitative Strategies LP acquired a new position in PAR Technology during the 4th quarter valued at about $520,000. Finally, Gotham Asset Management LLC acquired a new position in PAR Technology during the 4th quarter valued at about $1,444,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PAR. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Finally, The Goldman Sachs Group raised their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.86.

Insider Activity

In related 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 transaction of $69,980.00. Following the transaction, the director now directly owns 11,760 shares in the company, valued at approximately $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 is accessible through this hyperlink. 3.70% of the stock is owned by corporate insiders.

PAR Technology Stock Up 1.9%

Shares of NYSE PAR traded up $1.26 during midday trading on Friday, reaching $66.63. The company's stock had a trading volume of 325,991 shares, compared to its average volume of 435,676. 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 stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -266.51 and a beta of 1.70. The stock has a 50 day simple moving average of $61.24 and a 200-day simple moving average of $67.09.

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, beating 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 company had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. During the same period last year, the company earned ($0.36) earnings per share. The firm's revenue was up 48.2% compared to the same quarter last year. Equities research analysts predict that PAR Technology Co. will post -1.47 earnings per share 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.