Wasatch Advisors LP Cuts Stock Position in PAR Technology Co. (NYSE:PAR)

Wasatch Advisors LP decreased its holdings in shares of PAR Technology Co. (NYSE:PAR) by 38.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 221,083 shares of the software maker’s stock after selling 139,979 shares during the period. Wasatch Advisors LP’s holdings in PAR Technology were worth $16,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new position in PAR Technology during the fourth quarter valued at $28,000. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology in the 4th quarter valued at about $29,000. Signaturefd LLC lifted its stake in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE boosted its holdings in PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after buying an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in PAR Technology during the 4th quarter worth approximately $113,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PAR. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reaffirmed a “neutral” 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 given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.86.

PAR Technology Price Performance

Shares of PAR stock opened at $56.39 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market capitalization of $2.27 billion, a PE ratio of -225.55 and a beta of 1.95. The firm’s 50-day moving average is $61.51 and its two-hundred day moving average is $66.69. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) 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 firm had revenue of $105.01 million for the quarter, compared to analysts’ expectations of $99.10 million. During the same period in the previous year, the firm posted ($0.33) EPS. The firm’s quarterly revenue was up 50.2% compared to the same quarter last year. Analysts predict that PAR Technology Co. will post -1.47 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.