Commonwealth Equity Services LLC Sells 704 Shares of PAR Technology Co. (NYSE:PAR)

Commonwealth Equity Services LLC reduced its stake in PAR Technology Co. (NYSE:PAR) by 6.1% during the 4th quarter, Holdings Channel reports. The fund owned 10,867 shares of the software maker’s stock after selling 704 shares during the period. Commonwealth Equity Services LLC’s holdings in PAR Technology were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC grew its holdings in PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after buying an additional 130,121 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PAR Technology in the fourth quarter valued at about $6,275,000. Geode Capital Management LLC increased its position in PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after acquiring an additional 81,551 shares during the period. Castleark Management LLC raised its stake in PAR Technology by 196.0% in the 3rd quarter. Castleark Management LLC now owns 116,370 shares of the software maker’s stock worth $6,061,000 after purchasing an additional 77,050 shares in the last quarter. Finally, Barclays PLC boosted its holdings in PAR Technology by 431.3% in 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 period.

PAR Technology Trading Down 0.6 %

Shares of PAR Technology stock opened at $61.20 on Thursday. The firm has a market capitalization of $2.46 billion, a PE ratio of -244.79 and a beta of 2.20. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $65.63 and its 200 day moving average is $66.92. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24.

PAR Technology (NYSE:PAR) last posted its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. 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 previous year, the firm posted ($0.33) EPS. The business’s quarterly revenue was up 50.2% compared to the same quarter last year. Equities research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PAR has been the topic of several analyst reports. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Citigroup restated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reaffirmed an “overweight” rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PAR Technology has a consensus rating of “Moderate Buy” and a consensus 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.