K2 Principal Fund L.P. Purchases 68,176 Shares of PAR Technology Co. (NYSE:PAR)

K2 Principal Fund L.P. lifted its holdings in PAR Technology Co. (NYSE:PAR) by 208.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,940 shares of the software maker’s stock after buying an additional 68,176 shares during the quarter. K2 Principal Fund L.P. owned approximately 0.30% of PAR Technology worth $4,753,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PAR. Progeny 3 Inc. grew its stake in shares of PAR Technology by 8.5% in the 2nd quarter. Progeny 3 Inc. now owns 1,292,348 shares of the software maker’s stock worth $60,857,000 after buying an additional 101,300 shares during the last quarter. Sei Investments Co. grew its stake in shares of PAR Technology by 34.6% in the second quarter. Sei Investments Co. now owns 29,176 shares of the software maker’s stock worth $1,374,000 after acquiring an additional 7,498 shares during the last quarter. Resolute Capital Asset Partners LLC raised its position in shares of PAR Technology by 33.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after purchasing an additional 15,000 shares during the last quarter. Amalgamated Bank raised its position in shares of PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the last quarter. Finally, DHK Financial Advisors Inc. bought a new position in PAR Technology in the 2nd quarter worth about $1,288,000.

PAR Technology Stock Down 0.2 %

PAR Technology stock opened at $55.95 on Tuesday. The stock has a market cap of $1.90 billion, a PE ratio of -21.77 and a beta of 2.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The stock has a fifty day moving average of $52.84 and a 200 day moving average of $47.34. PAR Technology Co. has a one year low of $28.21 and a one year high of $58.57.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The business had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same period in the previous year, the business posted ($0.65) EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that PAR Technology Co. will post -1.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Needham & Company LLC lifted their target price on shares of PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. The Goldman Sachs Group increased their target price on PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.