5,791 Shares in PAR Technology Co. (NYSE:PAR) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in PAR Technology Co. (NYSE:PAR) in the fourth quarter, Holdings Channel.com reports. The fund purchased 5,791 shares of the software maker’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bamco Inc. NY lifted its position in PAR Technology by 15.2% during the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after buying an additional 154,921 shares during the period. State Street Corp lifted its position in PAR Technology by 1.2% during the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after buying an additional 10,582 shares during the period. Geode Capital Management LLC lifted its position in PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after buying an additional 81,551 shares during the period. TimesSquare Capital Management LLC lifted its position in PAR Technology by 47.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after buying an additional 130,121 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after buying an additional 20,811 shares during the period.

Wall Street Analyst Weigh In

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

PAR Technology Price Performance

PAR opened at $61.42 on Tuesday. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The stock has a 50-day moving average price of $67.88 and a 200-day moving average price of $66.31. The firm has a market cap of $2.47 billion, a PE ratio of -245.66 and a beta of 2.20. 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, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the previous year, the business posted ($0.33) earnings per share. PAR Technology’s quarterly revenue was up 50.2% compared to the same quarter last year. Sell-side analysts predict that PAR Technology Co. will post -1.47 earnings per share 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.