PAR Technology Co. (NYSE:PAR) Position Boosted by RiverPark Advisors LLC

RiverPark Advisors LLC boosted its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 169.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,305 shares of the software maker's stock after buying an additional 8,376 shares during the quarter. RiverPark Advisors LLC's holdings in PAR Technology were worth $967,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hood River Capital Management LLC acquired a new position in PAR Technology in the fourth quarter valued at $30,392,000. Price T Rowe Associates Inc. MD boosted its stake in shares of PAR Technology by 3.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,375 shares of the software maker's stock worth $2,063,000 after buying an additional 855 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of PAR Technology during the fourth quarter worth about $220,000. Quantessence Capital LLC acquired a new stake in shares of PAR Technology during the fourth quarter worth about $297,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of PAR Technology during the fourth quarter worth about $539,000.

PAR Technology Price Performance

PAR Technology stock traded down $0.05 during mid-day trading on Tuesday, reaching $59.44. The company had a trading volume of 100,750 shares, compared to its average volume of 432,813. 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 company has a market capitalization of $2.41 billion, a P/E ratio of -237.76 and a beta of 1.95. The stock's 50-day simple moving average is $59.77 and its 200-day simple moving average is $67.09.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reiterated 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 note on Monday, March 3rd. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research report 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 report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.86.

PAR Technology Company 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.