PAR Technology Co. (NYSE:PAR) Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC lowered its holdings in PAR Technology Co. (NYSE:PAR) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,781 shares of the software maker’s stock after selling 9,534 shares during the period. Cannell & Spears LLC’s holdings in PAR Technology were worth $12,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAR. Charles Schwab Investment Management Inc. grew its position in PAR Technology by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after buying an additional 20,811 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PAR Technology by 11.1% in the 3rd 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. Proficio Capital Partners LLC purchased a new stake in shares of PAR Technology during the fourth quarter valued at $1,796,000. Moody National Bank Trust Division increased its stake in PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock worth $1,764,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Barclays PLC raised its holdings in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock worth $3,310,000 after buying an additional 51,578 shares during the period.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $61.42 on Monday. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The business’s 50-day moving average price is $66.31 and its two-hundred day moving average price is $66.88. 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 $2.47 billion, a P/E ratio of -245.65 and a beta of 2.20.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group lifted their price target on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, StockNews.com raised PAR Technology to a “sell” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.86.

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.