PAR Technology Corporation $PAR Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its stake in PAR Technology Corporation (NYSE:PAR) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,330 shares of the software maker’s stock after selling 12,730 shares during the period. Lisanti Capital Growth LLC owned approximately 0.09% of PAR Technology worth $2,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAR. Nuveen LLC purchased a new stake in PAR Technology during the 1st quarter worth about $24,500,000. GW&K Investment Management LLC purchased a new stake in shares of PAR Technology during the first quarter worth approximately $24,018,000. Voss Capital LP raised its holdings in PAR Technology by 16.9% in the first quarter. Voss Capital LP now owns 1,706,362 shares of the software maker’s stock valued at $104,668,000 after acquiring an additional 246,362 shares in the last quarter. Invesco Ltd. lifted its stake in PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock worth $92,767,000 after acquiring an additional 228,369 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in PAR Technology during the 1st quarter worth approximately $12,554,000.

PAR Technology Price Performance

Shares of NYSE PAR opened at $38.61 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. The stock has a fifty day moving average price of $39.74 and a 200 day moving average price of $54.78. PAR Technology Corporation has a 1-year low of $32.56 and a 1-year high of $82.24. The company has a market cap of $1.57 billion, a PE ratio of -17.16 and a beta of 1.63.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. Sell-side analysts forecast that PAR Technology Corporation will post -1.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PAR. Needham & Company LLC decreased their price objective on shares of PAR Technology from $90.00 to $55.00 and set a “buy” rating for the company in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Benchmark dropped their price objective on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Weiss Ratings restated a “sell (d)” rating on shares of PAR Technology in a research note on Wednesday, October 8th. Finally, BTIG Research dropped their price target on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.86.

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.