Bamco Inc. NY Cuts Stock Position in PAR Technology Co. (NYSE:PAR)

Bamco Inc. NY cut its stake in shares of PAR Technology Co. (NYSE:PAR) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,065,579 shares of the software maker’s stock after selling 105,329 shares during the quarter. Bamco Inc. NY owned 2.75% of PAR Technology worth $77,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology in the fourth quarter valued at about $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in PAR Technology in the 4th quarter valued at approximately $29,000. Signaturefd LLC increased 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 purchasing an additional 279 shares during the period. 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 buying an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the 4th quarter valued at approximately $113,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Craig Hallum restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.86.

PAR Technology Trading Up 1.4 %

Shares of PAR Technology stock opened at $60.50 on Friday. PAR Technology Co. has a 1 year low of $37.74 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. The business has a 50 day moving average price of $59.51 and a 200 day moving average price of $67.08. The company has a market capitalization of $2.45 billion, a P/E ratio of -241.99 and a beta of 1.95.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm’s revenue was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) earnings per share. Sell-side 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.