Hood River Capital Management LLC Takes Position in PAR Technology Co. (NYSE:PAR)

Hood River Capital Management LLC purchased a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 418,220 shares of the software maker's stock, valued at approximately $30,392,000. Hood River Capital Management LLC owned 1.08% of PAR Technology as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC grew its position in shares of PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after purchasing an additional 51,578 shares in the last quarter. Geode Capital Management LLC boosted its stake in PAR Technology by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after purchasing an additional 81,551 shares during the period. Virtu Financial LLC purchased a new position in PAR Technology during the 3rd quarter valued at about $655,000. Franklin Resources Inc. increased its position in shares of PAR Technology by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock valued at $903,000 after buying an additional 932 shares during the period. Finally, Moody National Bank Trust Division lifted its holdings in shares of PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after buying an additional 13,200 shares in the last quarter.

Analysts Set New Price Targets

PAR has been the subject of several recent analyst reports. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Stephens restated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target 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 given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.86.

PAR Technology Price Performance

PAR stock traded down $0.97 during mid-day trading on Monday, hitting $58.84. 134,926 shares of the stock were exchanged, compared to its average volume of 432,983. The business has a fifty day moving average price of $59.91 and a 200 day moving average price of $67.07. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. 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 capitalization of $2.38 billion, a price-to-earnings ratio of -235.27 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results 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). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the previous year, the firm earned ($0.33) EPS. The business's quarterly revenue was up 50.2% compared to the same quarter last year. 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.