PAR Technology Corporation $PAR Stock Position Lifted by Rovida Advisors Inc.

Rovida Advisors Inc. increased its position in PAR Technology Corporation (NYSE:PAR) by 52.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,844 shares of the software maker’s stock after acquiring an additional 171,350 shares during the quarter. PAR Technology comprises approximately 5.4% of Rovida Advisors Inc.’s holdings, making the stock its 5th biggest position. Rovida Advisors Inc. owned about 1.23% of PAR Technology worth $34,530,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of PAR Technology by 2.5% in the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker’s stock worth $177,770,000 after purchasing an additional 69,546 shares during the period. Voss Capital LP boosted its holdings in PAR Technology by 16.9% in the 1st quarter. Voss Capital LP now owns 1,706,362 shares of the software maker’s stock worth $104,668,000 after buying an additional 246,362 shares during the period. Invesco Ltd. increased its stake in PAR Technology by 17.8% in the 1st quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock worth $92,767,000 after buying an additional 228,369 shares in the last quarter. Geode Capital Management LLC increased its stake in PAR Technology by 13.2% in the 2nd quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock worth $65,389,000 after buying an additional 110,160 shares in the last quarter. Finally, Reinhart Partners LLC. raised its holdings in PAR Technology by 2.9% during the second quarter. Reinhart Partners LLC. now owns 883,792 shares of the software maker’s stock valued at $61,310,000 after acquiring an additional 24,949 shares during the period.

PAR Technology Stock Up 0.7%

Shares of PAR opened at $38.98 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -17.32 and a beta of 1.63. PAR Technology Corporation has a 1 year low of $32.56 and a 1 year high of $82.24. The business’s 50 day simple moving average is $39.29 and its 200-day simple moving average is $54.47.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $119.18 million during the quarter, compared to analysts’ expectations of $112.23 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. As a group, equities analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PAR shares. Needham & Company LLC dropped their price objective on PAR Technology from $90.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of PAR Technology in a research note on Wednesday, October 8th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Benchmark lowered their target price on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Finally, The Goldman Sachs Group dropped their target price on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

About PAR Technology

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.