Renaissance Technologies LLC Acquires 70,000 Shares of PAR Technology Co. (NYSE:PAR)

Renaissance Technologies LLC boosted its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 63.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,700 shares of the software maker's stock after acquiring an additional 70,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.47% of PAR Technology worth $13,131,000 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 stake in PAR Technology in the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the 4th quarter worth $29,000. Signaturefd LLC grew its position in shares of 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 period. US Bancorp DE grew 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 acquiring an additional 341 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology in the 4th quarter worth $113,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PAR shares. Benchmark restated a "buy" rating on shares of PAR Technology in a research report 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 report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Citigroup restated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Price Performance

Shares of NYSE:PAR traded down $0.50 during trading on Monday, reaching $55.93. 33,924 shares of the company traded hands, compared to its average volume of 430,399. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The firm has a market capitalization of $2.25 billion, a PE ratio of -224.62 and a beta of 1.95. The company's 50 day moving average is $60.95 and its two-hundred day moving average is $66.98.

PAR Technology (NYSE:PAR - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology's quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.33) earnings per share. As a group, sell-side analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current 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.