4,703 Shares in PAR Technology Co. (NYSE:PAR) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,703 shares of the software maker’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mountain Hill Investment Partners Corp. bought a new stake in shares of PAR Technology during the 4th quarter valued at $29,000. LPL Financial LLC increased its position in shares of 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. KLP Kapitalforvaltning AS purchased a new stake in shares of PAR Technology in the fourth quarter worth about $509,000. Sei Investments Co. boosted its position in shares of PAR Technology by 2.2% in the fourth quarter. Sei Investments Co. now owns 38,214 shares of the software maker’s stock valued at $2,777,000 after acquiring an additional 832 shares during the period. Finally, Semanteon Capital Management LP purchased a new position in PAR Technology during the fourth quarter valued at approximately $1,421,000.

Analyst Ratings Changes

Several analysts have issued reports on PAR shares. The Goldman Sachs Group increased their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, Benchmark restated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.86.

PAR Technology Stock Down 1.8 %

Shares of NYSE PAR opened at $62.39 on Thursday. The stock has a market capitalization of $2.51 billion, a P/E ratio of -249.53 and a beta of 2.20. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The firm’s 50 day simple moving average is $66.79 and its two-hundred day simple moving average is $66.66. 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 earnings results 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 net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same period in the prior year, the business posted ($0.33) EPS. PAR Technology’s revenue for the quarter was up 50.2% on a year-over-year basis. As a group, analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

PAR Technology Company 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.