Woodline Partners LP Buys Shares of 4,093 PAR Technology Co. (NYSE:PAR)

Woodline Partners LP bought a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,093 shares of the software maker's stock, valued at approximately $297,000.

Other hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in PAR Technology during the fourth quarter worth $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the 4th quarter worth about $29,000. Signaturefd LLC grew its position in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after acquiring an additional 279 shares in the last quarter. US Bancorp DE grew its position in PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after acquiring an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in PAR Technology during the fourth quarter worth about $113,000.

Analyst Ratings Changes

PAR has been the topic of a number of research reports. The Goldman Sachs Group increased 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. Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Stephens reaffirmed an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Stock Performance

PAR stock traded up $0.40 on Friday, hitting $65.67. The company's stock had a trading volume of 764,722 shares, compared to its average volume of 437,111. PAR Technology Co. has a 1 year low of $41.86 and a 1 year high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -262.67 and a beta of 1.76. The firm has a 50 day moving average of $60.85 and a two-hundred day moving average of $67.49.

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 for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. Equities analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Insider Transactions at PAR Technology

In other PAR Technology 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 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. The trade was a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company's stock.

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.