Inceptionr LLC Sells 2,936 Shares of PAR Technology Co. (NYSE:PAR)

Inceptionr LLC lowered its stake in PAR Technology Co. (NYSE:PAR) by 33.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,756 shares of the software maker’s stock after selling 2,936 shares during the quarter. Inceptionr LLC’s holdings in PAR Technology were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP lifted its holdings in shares of PAR Technology by 2.6% in the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after acquiring an additional 30,000 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after acquiring an additional 154,921 shares during the last quarter. State Street Corp lifted its holdings in shares of PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock worth $46,108,000 after acquiring an additional 10,582 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PAR Technology by 11.1% in 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 last quarter. Finally, TimesSquare Capital Management LLC raised 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 during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PAR. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Lake Street Capital raised their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Up 3.7 %

PAR Technology stock opened at $64.18 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The firm has a 50 day moving average price of $69.33 and a two-hundred day moving average price of $65.95. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -256.69 and a beta of 2.20.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.33) EPS. Equities analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

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.