PAR Technology Co. (NYSE:PAR) Shares Sold by Voss Capital LP

Voss Capital LP cut its holdings in shares of PAR Technology Co. (NYSE:PAR) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,460,000 shares of the software maker’s stock after selling 87,128 shares during the quarter. PAR Technology comprises 7.9% of Voss Capital LP’s investment portfolio, making the stock its biggest position. Voss Capital LP owned about 3.77% of PAR Technology worth $106,098,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PAR. Invesco Ltd. boosted its holdings in shares of PAR Technology by 100.9% during the 4th quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker’s stock worth $93,307,000 after purchasing an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in PAR Technology during the fourth quarter worth $33,011,000. TimesSquare Capital Management LLC boosted its stake 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 worth $29,547,000 after buying an additional 130,121 shares during the last quarter. PEAK6 LLC purchased a new stake in PAR Technology in the 4th quarter valued at $9,381,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of PAR Technology in the 4th quarter worth $6,275,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PAR shares. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

PAR Technology Trading Up 0.2 %

Shares of NYSE PAR opened at $56.40 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $2.27 billion, a PE ratio of -225.60 and a beta of 1.95. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The stock has a fifty day simple moving average of $60.95 and a 200-day simple moving average of $66.98.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share 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 firm had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The business’s revenue was up 50.2% compared to the same quarter last year. On average, equities analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current 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.