Balyasny Asset Management L.P. Increases Stock Holdings in PAR Technology Co. (NYSE:PAR)

Balyasny Asset Management L.P. raised its position in shares of PAR Technology Co. (NYSE:PAR) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,793 shares of the software maker’s stock after buying an additional 5,862 shares during the quarter. Balyasny Asset Management L.P. owned about 0.11% of PAR Technology worth $2,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in PAR Technology during the fourth quarter valued at $1,796,000. Moody National Bank Trust Division lifted its position in PAR Technology by 119.2% during the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock valued at $1,764,000 after buying an additional 13,200 shares during the period. Barclays PLC lifted its position in PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after buying an additional 51,578 shares during the period. Principal Financial Group Inc. purchased a new position in PAR Technology during the fourth quarter valued at $205,000. Finally, LPL Financial LLC lifted its position in PAR Technology by 201.4% during the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker’s stock valued at $6,467,000 after buying an additional 59,469 shares during the period.

Analysts Set New Price Targets

PAR has been the subject of several recent research reports. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an “overweight” rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.86.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $64.72 on Monday. PAR Technology Co. has a 1-year low of $41.27 and a 1-year high of $82.24. The business has a fifty day moving average price of $59.24 and a 200-day moving average price of $67.17. The company has a market capitalization of $2.62 billion, a PE ratio of -258.87 and a beta of 1.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period last year, the company earned ($0.36) EPS. PAR Technology’s revenue for the quarter was up 48.2% on a year-over-year basis. As a group, equities analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal 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.