2,854 Shares in PAR Technology Co. (NYSE:PAR) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC bought a new position in shares of PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,854 shares of the software maker’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of PAR Technology by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker’s stock worth $1,257,000 after buying an additional 168 shares during the period. Signaturefd LLC boosted its holdings in shares of 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 buying an additional 279 shares during the period. US Bancorp DE boosted its holdings 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 buying an additional 341 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock worth $361,000 after buying an additional 343 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in PAR Technology in the 4th quarter valued at about $28,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAR. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.86.

PAR Technology Price Performance

PAR stock opened at $69.40 on Wednesday. The company has a 50 day simple moving average of $60.16 and a 200 day simple moving average of $67.56. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -277.59 and a beta of 1.76. PAR Technology Co. has a 1 year low of $41.86 and a 1 year high of $82.24. 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) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.36) EPS. Research analysts anticipate 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.