Wasatch Advisors LP Sells 139,979 Shares of PAR Technology Co. (NYSE:PAR)

Wasatch Advisors LP decreased its position in PAR Technology Co. (NYSE:PAR - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,083 shares of the software maker's stock after selling 139,979 shares during the period. Wasatch Advisors LP owned approximately 0.57% of PAR Technology worth $16,066,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PAR. Geode Capital Management LLC lifted its stake in shares of PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after buying an additional 81,551 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PAR Technology in the 4th quarter worth approximately $1,796,000. Moody National Bank Trust Division lifted its position 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 valued at $1,764,000 after acquiring an additional 13,200 shares in the last quarter. Barclays PLC boosted its stake in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after purchasing an additional 51,578 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of PAR Technology in the 4th quarter worth $205,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target 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. Finally, Stephens restated an "overweight" rating and issued a $90.00 target price 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 given a buy rating to the stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology Stock Performance

PAR traded up $0.65 during trading on Tuesday, hitting $55.49. The company's stock had a trading volume of 35,611 shares, compared to its average volume of 429,909. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The business's 50 day simple moving average is $60.70 and its 200-day simple moving average is $67.00. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.23 billion, a PE ratio of -221.99 and a beta of 1.95.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $99.10 million. During the same period in the prior year, the firm posted ($0.33) EPS. The business's revenue for the quarter was up 50.2% on a year-over-year basis. As a group, sell-side analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal 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.