Gamco Investors INC. ET AL Has $15 Million Holdings in PAR Technology Co. (NYSE:PAR)

Gamco Investors INC. ET AL cut its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 65.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,472 shares of the software maker's stock after selling 399,132 shares during the period. Gamco Investors INC. ET AL owned approximately 0.53% of PAR Technology worth $15,004,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC raised its stake in PAR Technology by 85.6% in 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 raised its position in shares of 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 buying an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after acquiring an additional 343 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology during the 4th quarter worth approximately $28,000. Finally, KBC Group NV increased its stake in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker's stock valued at $125,000 after acquiring an additional 400 shares during the last quarter.

PAR Technology Trading Down 1.3 %

PAR traded down $0.72 during trading on Monday, reaching $55.70. 73,584 shares of the company's stock were exchanged, compared to its average volume of 430,544. 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 one year low of $37.74 and a one year high of $82.24. The firm has a fifty day moving average price of $60.95 and a two-hundred day moving average price of $66.98. The stock has a market capitalization of $2.24 billion, a PE ratio of -222.79 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). The company had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.33) earnings per share. As a group, equities research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PAR shares. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark reissued a "buy" rating 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 assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, PAR Technology presently has an average rating of "Moderate Buy" and a consensus target price of $81.86.

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.