Brasada Capital Management LP Has $507,000 Holdings in PAR Technology Co. (NYSE:PAR)

Brasada Capital Management LP trimmed its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 92.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,502 shares of the software maker's stock after selling 87,507 shares during the period. Brasada Capital Management LP's holdings in PAR Technology were worth $507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in PAR Technology in the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in PAR Technology in the fourth quarter worth about $29,000. Signaturefd LLC raised its holdings in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE lifted its position in 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 during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology during the 4th quarter worth approximately $113,000.

PAR Technology Stock Down 1.5 %

PAR traded down $0.91 during trading on Monday, reaching $58.90. 125,328 shares of the stock were exchanged, compared to its average volume of 432,930. The stock has a market cap of $2.39 billion, a P/E ratio of -235.30 and a beta of 1.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock's 50 day moving average price is $59.91 and its two-hundred day moving average price is $67.07. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24.

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

Analyst Ratings Changes

A number of brokerages have issued reports on PAR. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a report on Monday, March 3rd. Benchmark reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Stephens restated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.86.

PAR Technology 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.