Gotham Asset Management LLC Purchases Shares of 19,864 PAR Technology Co. (NYSE:PAR)

Gotham Asset Management LLC bought a new position in PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,864 shares of the software maker's stock, valued at approximately $1,444,000. Gotham Asset Management LLC owned about 0.05% of PAR Technology as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in PAR. Aster Capital Management DIFC Ltd bought a new position in PAR Technology in the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. bought a new stake in PAR Technology during the 4th quarter worth about $29,000. Signaturefd LLC raised its stake in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares during the last quarter. US Bancorp DE lifted its position in shares of PAR Technology by 104.3% during 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 in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology during the fourth quarter valued at approximately $113,000.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PAR. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research note on Monday, May 12th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Wall Street Zen raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Trading Up 1.1%

NYSE:PAR traded up $0.69 during trading hours on Thursday, hitting $66.53. The stock had a trading volume of 40,002 shares, compared to its average volume of 436,026. The business's 50 day moving average is $60.31 and its 200-day moving average is $67.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -266.25 and a beta of 1.76. PAR Technology Co. has a one year low of $41.86 and a one year high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The business had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm's quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.36) EPS. Sell-side analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

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.