Newtyn Management LLC Has $36.34 Million Position in PAR Technology Co. (NYSE:PAR)

Newtyn Management LLC lowered its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 28.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 500,000 shares of the software maker's stock after selling 200,000 shares during the period. PAR Technology comprises about 6.3% of Newtyn Management LLC's portfolio, making the stock its 6th biggest position. Newtyn Management LLC owned about 1.29% of PAR Technology worth $36,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew 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 valued at $1,257,000 after buying an additional 168 shares during the last quarter. Signaturefd LLC boosted its position in shares of PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE boosted its position in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after purchasing an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock valued at $361,000 after purchasing an additional 343 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology during the 4th quarter valued at about $28,000.

Analyst Upgrades and Downgrades

PAR has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Benchmark restated a "buy" 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. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Stock Up 0.4%

Shares of PAR Technology stock traded up $0.27 on Friday, hitting $69.75. The company had a trading volume of 307,660 shares, compared to its average volume of 436,982. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -278.97 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 stock has a 50 day moving average of $59.82 and a 200-day moving average of $67.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.36) earnings per share. As a group, sell-side analysts forecast that PAR Technology Co. will post -1.47 earnings per share 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.