Hsbc Holdings PLC Acquires Shares of 7,386 PAR Technology Co. (NYSE:PAR)

Hsbc Holdings PLC bought a new position in shares of PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,386 shares of the software maker's stock, valued at approximately $539,000.

A number of other hedge funds have also modified their holdings of the business. Invesco Ltd. lifted its holdings in PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock valued at $93,307,000 after acquiring an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in PAR Technology in the 4th quarter valued at approximately $33,011,000. TimesSquare Capital Management LLC lifted its position in shares of PAR Technology by 47.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock worth $29,547,000 after purchasing an additional 130,121 shares in the last quarter. PEAK6 LLC acquired a new position in shares of PAR Technology during the fourth quarter worth about $9,381,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PAR Technology during the 4th quarter worth $6,275,000.

PAR Technology Stock Up 3.7 %

Shares of PAR traded up $2.32 during mid-day trading on Friday, reaching $64.72. 912,021 shares of the stock traded hands, compared to its average volume of 436,856. The stock has a fifty day simple moving average of $59.26 and a 200 day simple moving average of $67.03. PAR Technology Co. has a 12-month low of $39.80 and a 12-month 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 firm has a market cap of $2.62 billion, a price-to-earnings ratio of -258.87 and a beta of 1.76.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share 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 during the quarter, compared to analyst estimates of $105.16 million. During the same quarter last year, the firm earned ($0.36) EPS. PAR Technology's quarterly revenue was up 48.2% on a year-over-year basis. Sell-side analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. 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. Benchmark reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Finally, Stephens reaffirmed an "overweight" rating and set a $90.00 price objective 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 given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.