PAR Technology Co. (NYSE:PAR) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in PAR Technology Co. (NYSE:PAR - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,496 shares of the software maker's stock after acquiring an additional 26,008 shares during the period. Dimensional Fund Advisors LP owned 1.71% of PAR Technology worth $48,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its stake in PAR Technology by 9.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,909 shares of the software maker's stock worth $792,000 after purchasing an additional 953 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in PAR Technology by 900.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 3,000 shares of the software maker's stock valued at $218,000 after acquiring an additional 2,700 shares in the last quarter. PEAK6 LLC acquired a new stake in PAR Technology in the 4th quarter valued at about $9,381,000. Jump Financial LLC acquired a new stake in PAR Technology in the 4th quarter valued at about $3,288,000. Finally, Mariner LLC lifted its stake in PAR Technology by 14.1% in the 4th quarter. Mariner LLC now owns 24,603 shares of the software maker's stock worth $1,788,000 after purchasing an additional 3,039 shares in the last quarter.

PAR Technology Trading Down 1.0 %

Shares of NYSE:PAR traded down $0.58 during mid-day trading on Monday, reaching $59.86. 330,205 shares of the company were exchanged, compared to its average volume of 436,552. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The firm's 50-day simple moving average is $59.51 and its 200 day simple moving average is $67.12. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -239.43 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company's quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.33) earnings per share. Equities research analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PAR shares. StockNews.com raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Stephens reissued an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

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.