Voss Capital LP Sells 87,128 Shares of PAR Technology Co. (NYSE:PAR)

Voss Capital LP cut its position in PAR Technology Co. (NYSE:PAR - Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,460,000 shares of the software maker's stock after selling 87,128 shares during the quarter. PAR Technology makes up approximately 7.9% of Voss Capital LP's investment portfolio, making the stock its largest holding. Voss Capital LP owned about 3.77% of PAR Technology worth $106,098,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PAR. Geode Capital Management LLC grew its position in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after purchasing an additional 81,551 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of PAR Technology in the 4th quarter valued at $1,796,000. Moody National Bank Trust Division raised its stake in PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after acquiring an additional 13,200 shares during the last quarter. Barclays PLC lifted its position in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after acquiring an additional 51,578 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in PAR Technology during the 4th quarter valued at about $205,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report 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 stock. According to data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Price Performance

Shares of PAR Technology stock traded up $0.40 during trading hours on Friday, reaching $59.86. The stock had a trading volume of 214,978 shares, compared to its average volume of 433,438. The stock's 50 day moving average is $59.91 and its 200 day moving average is $66.92. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The firm has a market capitalization of $2.41 billion, a PE ratio of -239.43 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). The business 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 business's revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.33) EPS. Equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.