BluePointe Capital Management LLC Sells 5,000 Shares of PAR Technology Co. (NYSE:PAR)

BluePointe Capital Management LLC reduced its position in shares of PAR Technology Co. (NYSE:PAR) by 12.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,010 shares of the software maker’s stock after selling 5,000 shares during the quarter. PAR Technology accounts for approximately 1.2% of BluePointe Capital Management LLC’s holdings, making the stock its 26th biggest position. BluePointe Capital Management LLC owned about 0.10% of PAR Technology worth $1,823,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Royce & Associates LP grew its stake in shares of PAR Technology by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock valued at $61,677,000 after acquiring an additional 30,000 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in PAR Technology in the 3rd quarter worth approximately $308,000. Victory Capital Management Inc. lifted its holdings in PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in PAR Technology in the 3rd quarter worth approximately $3,520,000. Finally, TimesSquare Capital Management LLC purchased a new position in PAR Technology in the 3rd quarter worth approximately $14,398,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stephens boosted their price target on PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. Benchmark upped their price objective on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. Craig Hallum upped their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Finally, Needham & Company LLC upped their price objective on PAR Technology from $66.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.38.

PAR Technology Stock Performance

NYSE:PAR opened at $73.00 on Friday. The stock’s fifty day moving average is $58.36 and its 200 day moving average is $51.64. PAR Technology Co. has a fifty-two week low of $34.87 and a fifty-two week high of $76.10. The firm has a market capitalization of $2.65 billion, a PE ratio of -291.99 and a beta of 2.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.80 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the prior year, the firm posted ($0.35) EPS. PAR Technology’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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.