Occudo Quantitative Strategies LP Buys New Shares in PAR Technology Co. (NYSE:PAR)

Occudo Quantitative Strategies LP acquired a new position in PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,159 shares of the software maker's stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in PAR Technology by 100.9% during the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after purchasing an additional 644,920 shares during the period. Dimensional Fund Advisors LP boosted its holdings in PAR Technology by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock worth $48,000,000 after buying an additional 26,008 shares during the period. Next Century Growth Investors LLC boosted its holdings in PAR Technology by 15.7% in the 4th quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker's stock worth $37,683,000 after buying an additional 70,386 shares during the period. Loomis Sayles & Co. L P purchased a new position in PAR Technology in the 4th quarter valued at approximately $33,011,000. Finally, Hood River Capital Management LLC bought a new stake in PAR Technology during the 4th quarter valued at $30,392,000.

PAR Technology Price Performance

NYSE PAR traded up $0.42 during trading on Tuesday, reaching $69.63. The company's stock had a trading volume of 56,332 shares, compared to its average volume of 447,621. The firm has a fifty day moving average of $59.95 and a 200 day moving average of $67.55. PAR Technology Co. has a one year low of $41.85 and a one year high of $82.24. The stock has a market capitalization of $2.82 billion, a PE ratio of -277.75 and a beta of 1.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $103.86 million for the quarter, compared to analysts' expectations of $105.16 million. During the same period in the prior year, the business earned ($0.36) earnings per share. PAR Technology's revenue for the quarter was up 48.2% compared to the same quarter last year. Analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report on Monday, May 12th. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group increased their price target on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. 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 company. According to data from MarketBeat, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.86.

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.