T. Rowe Price Investment Management Inc. Reduces Position in PAR Technology Co. (NYSE:PAR)

T. Rowe Price Investment Management Inc. lowered its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,732,164 shares of the software maker's stock after selling 2,083,326 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 9.64% of PAR Technology worth $271,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PAR. Barclays PLC boosted its stake in PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after purchasing an additional 51,578 shares during the period. Virtu Financial LLC bought a new stake in shares of PAR Technology during the 3rd quarter valued at about $655,000. Franklin Resources Inc. boosted its stake in shares of PAR Technology by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock valued at $903,000 after purchasing an additional 932 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of PAR Technology by 119.2% during the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Yarbrough Capital LLC grew its holdings in shares of PAR Technology by 61.9% during the 4th quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker's stock valued at $917,000 after purchasing an additional 4,820 shares during the last quarter.

Analyst Ratings Changes

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

PAR Technology Price Performance

Shares of PAR Technology stock traded up $0.22 during trading on Tuesday, reaching $59.71. 86,038 shares of the stock traded hands, compared to its average volume of 432,769. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -238.36 and a beta of 1.95. The business has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $67.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly 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 company had revenue of $105.01 million during 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 company's revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.33) EPS. Sell-side analysts expect that PAR Technology Co. will post -1.47 EPS for the current year.

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.