PAR Technology Co. (NYSE:PAR) Position Decreased by ADW Capital Management LLC

ADW Capital Management LLC lowered its position in PAR Technology Co. (NYSE:PAR - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,597,229 shares of the software maker's stock after selling 604,771 shares during the quarter. PAR Technology makes up about 58.0% of ADW Capital Management LLC's holdings, making the stock its biggest holding. ADW Capital Management LLC owned about 6.71% of PAR Technology worth $188,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology during the 4th quarter worth $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in PAR Technology in the fourth quarter valued at $29,000. Signaturefd LLC lifted 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 buying an additional 279 shares during the last quarter. US Bancorp DE lifted its holdings in PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after buying an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology during the 4th quarter worth about $113,000.

PAR Technology Stock Up 2.1 %

PAR stock opened at $59.64 on Friday. PAR Technology Co. has a 12 month low of $37.74 and a 12 month 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 company has a market cap of $2.42 billion, a price-to-earnings ratio of -238.55 and a beta of 1.95. The company has a fifty day moving average price of $59.53 and a 200 day moving average price of $67.00.

PAR Technology (NYSE:PAR - Get Free Report) last announced its 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 net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. During the same period in the previous year, the company posted ($0.33) earnings per share. PAR Technology's quarterly revenue was up 50.2% on a year-over-year basis. Sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PAR shares. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reiterated an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. One research 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. Based on data from MarketBeat.com, PAR Technology currently has an average rating of "Moderate Buy" and a consensus price target 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.

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