Granahan Investment Management LLC Grows Holdings in PAR Technology Co. (NYSE:PAR)

Granahan Investment Management LLC boosted its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 115.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,916 shares of the software maker's stock after acquiring an additional 186,490 shares during the period. Granahan Investment Management LLC owned 0.90% of PAR Technology worth $25,283,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock worth $1,257,000 after purchasing an additional 168 shares in the last quarter. Signaturefd LLC grew 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 increased its holdings 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 valued at $49,000 after acquiring an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after purchasing an additional 343 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in PAR Technology in the 4th quarter worth about $28,000.

PAR Technology Stock Performance

Shares of PAR opened at $64.72 on Friday. PAR Technology Co. has a 52 week low of $39.80 and a 52 week high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -258.87 and a beta of 1.76. The business has a 50-day simple moving average of $59.24 and a two-hundred day simple moving average of $67.07.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. The company had revenue of $103.86 million for 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 revenue was up 48.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.36) EPS. On average, analysts expect that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Ratings Changes

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

PAR Technology Company 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.

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