PAR Technology Co. (NYSE:PAR) Shares Sold by Newtyn Management LLC

Newtyn Management LLC trimmed its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 28.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,000 shares of the software maker's stock after selling 200,000 shares during the quarter. PAR Technology comprises 6.3% of Newtyn Management LLC's portfolio, making the stock its 6th largest holding. Newtyn Management LLC owned about 1.29% of PAR Technology worth $36,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen Asset Management LLC grew its holdings in PAR Technology by 194.2% in the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock worth $29,086,000 after buying an additional 264,188 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in PAR Technology in the 4th quarter worth approximately $520,000. Gotham Asset Management LLC bought a new position in PAR Technology in the 4th quarter worth approximately $1,444,000. Graham Capital Management L.P. bought a new position in PAR Technology in the 4th quarter worth approximately $826,000. Finally, Granahan Investment Management LLC grew its holdings in PAR Technology by 115.5% in the 4th quarter. Granahan Investment Management LLC now owns 347,916 shares of the software maker's stock worth $25,283,000 after buying an additional 186,490 shares in the last quarter.

PAR Technology Stock Down 1.0%

Shares of PAR traded down $0.72 during mid-day trading on Monday, reaching $69.10. The company's stock had a trading volume of 57,460 shares, compared to its average volume of 436,177. The business has a fifty day moving average of $59.82 and a 200 day moving average of $67.49. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -276.33 and a beta of 1.76. PAR Technology Co. has a 1 year low of $41.86 and a 1 year 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.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly 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 firm 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 company's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.36) earnings per share. As a group, analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PAR shares. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. The Goldman Sachs Group upped their target price on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Stephens restated an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Monday, May 12th. Finally, Citigroup restated a "neutral" rating 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 issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and an average price target of $79.86.

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.