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

Peregrine Capital Management LLC reduced its position in PAR Technology Co. (NYSE:PAR - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,991 shares of the software maker's stock after selling 26,278 shares during the period. Peregrine Capital Management LLC owned about 0.55% of PAR Technology worth $6,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of PAR Technology by 1.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,139,470 shares of the software maker's stock worth $117,699,000 after acquiring an additional 42,695 shares during the period. Vanguard Group Inc. raised its holdings in PAR Technology by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,935,015 shares of the software maker's stock worth $74,575,000 after purchasing an additional 19,430 shares during the period. MFN Partners Management LP raised its holdings in PAR Technology by 991.4% in the 1st quarter. MFN Partners Management LP now owns 1,091,404 shares of the software maker's stock worth $44,027,000 after purchasing an additional 991,404 shares during the period. Bamco Inc. NY boosted its position in PAR Technology by 3.1% during the fourth quarter. Bamco Inc. NY now owns 1,061,700 shares of the software maker's stock worth $27,679,000 after purchasing an additional 32,103 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in PAR Technology by 28.9% in the first quarter. The Manufacturers Life Insurance Company now owns 1,021,438 shares of the software maker's stock valued at $41,205,000 after purchasing an additional 228,880 shares during the period.

Insider Activity at PAR Technology

In other news, CFO Bryan A. Menar sold 803 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the sale, the chief financial officer now owns 54,601 shares in the company, valued at approximately $2,390,977.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Douglas Gregory Rauch sold 4,500 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $42.04, for a total value of $189,180.00. Following the sale, the director now directly owns 14,365 shares in the company, valued at approximately $603,904.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bryan A. Menar sold 803 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the transaction, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PAR shares. TheStreet upgraded PAR Technology from a "d+" rating to a "c-" rating in a research report on Thursday, February 15th. William Blair reiterated an "outperform" rating on shares of PAR Technology in a research report on Tuesday, March 12th. Needham & Company LLC reissued a "buy" rating and set a $53.00 target price on shares of PAR Technology in a research note on Thursday, March 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research note on Thursday, March 7th. Finally, Benchmark started coverage on PAR Technology in a research note on Tuesday, February 13th. They set a "hold" rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $48.57.

PAR Technology Price Performance

Shares of PAR stock traded up $0.62 during trading hours on Thursday, reaching $44.21. The company had a trading volume of 123,658 shares, compared to its average volume of 238,544. PAR Technology Co. has a 12-month low of $24.76 and a 12-month high of $49.84. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.96 and a current ratio of 2.25. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -17.47 and a beta of 1.98. The stock has a fifty day moving average of $44.44 and a 200-day moving average of $41.05.

PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.05). PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. The company had revenue of $107.71 million during the quarter, compared to analysts' expectations of $106.12 million. On average, equities analysts anticipate that PAR Technology Co. will post -1.15 earnings per share for the current year.

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.