Marshall Wace LLP Sells 16,218 Shares of PAR Technology Co. (NYSE:PAR)

Marshall Wace LLP lessened its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 44.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,575 shares of the software maker's stock after selling 16,218 shares during the quarter. Marshall Wace LLP owned 0.05% of PAR Technology worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PAR. Barclays PLC grew its position in PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after buying an additional 51,578 shares during the period. Virtu Financial LLC purchased a new position in PAR Technology in the third quarter valued at about $655,000. Franklin Resources Inc. grew its position in shares of PAR Technology by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock valued at $903,000 after acquiring an additional 932 shares during the period. Moody National Bank Trust Division increased its stake in shares of PAR Technology by 119.2% during the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Yarbrough Capital LLC raised its holdings in shares of PAR Technology by 61.9% in the 4th quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker's stock worth $917,000 after purchasing an additional 4,820 shares during the period.

Analyst Ratings Changes

A number of analysts have issued reports on PAR shares. StockNews.com raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reiterated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reissued a "neutral" rating 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 issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.86.

PAR Technology Price Performance

Shares of PAR stock traded up $0.84 during trading hours on Friday, reaching $60.50. The stock had a trading volume of 390,564 shares, compared to its average volume of 436,979. The stock's fifty day simple moving average is $59.51 and its 200 day simple moving average is $67.12. The firm has a market capitalization of $2.45 billion, a PE ratio of -241.99 and a beta of 1.95. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. 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 (NYSE:PAR - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm's revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.33) earnings per share. On average, equities research analysts predict that PAR Technology Co. will post -1.47 EPS for the current 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.