Occudo Quantitative Strategies LP Acquires Shares of 7,159 PAR Technology Co. (NYSE:PAR)

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

Several other institutional investors and hedge funds have also bought and sold shares of PAR. Gotham Asset Management LLC acquired a new stake in shares of PAR Technology in the 4th quarter worth $1,444,000. Graham Capital Management L.P. purchased a new stake in PAR Technology in the fourth quarter valued at about $826,000. Granahan Investment Management LLC raised its stake in PAR Technology by 115.5% in the fourth quarter. Granahan Investment Management LLC now owns 347,916 shares of the software maker's stock valued at $25,283,000 after buying an additional 186,490 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in PAR Technology in the fourth quarter worth about $981,000. Finally, Fred Alger Management LLC grew its stake in shares of PAR Technology by 146.1% during the fourth quarter. Fred Alger Management LLC now owns 311,841 shares of the software maker's stock worth $22,661,000 after acquiring an additional 185,107 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on PAR. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Finally, Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology Stock Performance

Shares of NYSE:PAR traded up $0.27 during midday trading on Friday, reaching $69.75. The company's stock had a trading volume of 307,660 shares, compared to its average volume of 437,689. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $59.82 and a 200 day moving average of $67.44. PAR Technology Co. has a twelve month low of $41.86 and a twelve month high of $82.24. The firm has a market capitalization of $2.82 billion, a PE ratio of -278.97 and a beta of 1.76.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.36) EPS. On average, equities analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal 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.