First Trust Advisors LP Cuts Position in PAR Technology Co. (NYSE:PAR)

First Trust Advisors LP decreased its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 52.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,303 shares of the software maker's stock after selling 25,924 shares during the quarter. First Trust Advisors LP owned about 0.06% of PAR Technology worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PAR. Invesco Ltd. increased its stake in PAR Technology by 100.9% in the 4th quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after acquiring an additional 644,920 shares during the last quarter. Next Century Growth Investors LLC increased its position in shares of PAR Technology by 15.7% in the fourth quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker's stock worth $37,683,000 after purchasing an additional 70,386 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in PAR Technology in the fourth quarter valued at approximately $33,011,000. TimesSquare Capital Management LLC raised its stake in PAR Technology by 47.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock valued at $29,547,000 after purchasing an additional 130,121 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in PAR Technology by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker's stock valued at $13,588,000 after purchasing an additional 3,303 shares during the last quarter.

Wall Street Analyst Weigh In

PAR has been the topic of several research reports. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Stock Up 3.7 %

PAR stock traded up $2.32 during trading on Friday, hitting $64.72. 912,021 shares of the stock traded hands, compared to its average volume of 436,856. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -258.87 and a beta of 1.76. PAR Technology Co. has a 1 year low of $39.80 and a 1 year high of $82.24. The firm's 50 day moving average is $59.24 and its two-hundred day moving average is $67.07.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results 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 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 period in the prior year, the company posted ($0.36) earnings per share. The company's quarterly revenue was up 48.2% on a year-over-year basis. On average, sell-side analysts anticipate 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.