PAR Technology Co. (NYSE:PAR) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in PAR Technology Co. (NYSE:PAR) by 109.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,047 shares of the software maker’s stock after buying an additional 58,139 shares during the quarter. Squarepoint Ops LLC owned approximately 0.31% of PAR Technology worth $5,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAR. Capital Research Global Investors lifted its position in shares of PAR Technology by 43.4% during the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after buying an additional 1,068,641 shares during the last quarter. Progeny 3 Inc. lifted its position in PAR Technology by 47.1% in the first quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after acquiring an additional 381,232 shares during the last quarter. Wasatch Advisors LP acquired a new position in PAR Technology in the first quarter valued at $10,194,000. Vanguard Group Inc. grew its holdings in shares of PAR Technology by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock worth $91,808,000 after purchasing an additional 173,575 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC increased its position in shares of PAR Technology by 94.1% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 315,607 shares of the software maker’s stock worth $13,742,000 after purchasing an additional 152,972 shares in the last quarter.

Wall Street Analyst Weigh In

PAR has been the subject of a number of research analyst reports. Stephens raised PAR Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. The Goldman Sachs Group raised their target price on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. Finally, Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PAR Technology currently has an average rating of “Moderate Buy” and an average price target of $58.00.

PAR Technology Stock Down 1.4 %

Shares of PAR Technology stock opened at $52.02 on Tuesday. PAR Technology Co. has a one year low of $28.21 and a one year high of $58.57. The company has a market cap of $1.77 billion, a P/E ratio of -20.18 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 firm has a fifty day moving average of $52.97 and a two-hundred day moving average of $47.65.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. During the same quarter in the previous year, the business earned ($0.65) EPS. PAR Technology’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts forecast that PAR Technology Co. will post -1.67 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.