PAR Technology Co. (NYSE:PAR) Shares Sold by Brooktree Capital Management

Brooktree Capital Management lowered its position in shares of PAR Technology Co. (NYSE:PAR) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327,619 shares of the software maker’s stock after selling 11,340 shares during the quarter. PAR Technology accounts for 17.7% of Brooktree Capital Management’s holdings, making the stock its biggest position. Brooktree Capital Management owned approximately 0.85% of PAR Technology worth $23,808,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PAR. Signaturefd LLC boosted its position in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after acquiring an additional 279 shares during the last quarter. US Bancorp DE raised its stake in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after purchasing an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology during the 4th quarter worth approximately $113,000. KBC Group NV raised its stake in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after purchasing an additional 400 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of PAR Technology during the 4th quarter worth approximately $205,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PAR shares. Benchmark reiterated a “buy” rating 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 note on Friday, February 28th. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Monday, March 3rd. Stephens restated an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target 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 company. Based on data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and a consensus price target of $81.86.

PAR Technology Stock Up 4.6 %

PAR stock opened at $61.42 on Tuesday. 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 stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -245.66 and a beta of 2.20. The business’s fifty day moving average price is $67.88 and its two-hundred day moving average price is $66.31. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24.

PAR Technology (NYSE:PAR) last released its 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 company had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period last year, the company posted ($0.33) earnings per share. On average, equities analysts anticipate that PAR Technology Co. will post -1.47 earnings per share 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.