Quantessence Capital LLC Buys Shares of 4,081 PAR Technology Co. (NYSE:PAR)

Quantessence Capital LLC purchased a new position in shares of PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,081 shares of the software maker’s stock, valued at approximately $297,000.

Other large investors also recently modified their holdings of the company. Invesco Ltd. raised its position in PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker’s stock valued at $93,307,000 after purchasing an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in PAR Technology in the 4th quarter valued at approximately $33,011,000. TimesSquare Capital Management LLC boosted its position in PAR Technology by 47.1% during the 4th 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 period. PEAK6 LLC bought a new stake in PAR Technology during the 4th quarter worth approximately $9,381,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in PAR Technology in the 4th quarter valued at approximately $6,275,000.

PAR Technology Price Performance

Shares of PAR opened at $55.82 on Wednesday. The firm has a market cap of $2.24 billion, a PE ratio of -223.28 and a beta of 1.95. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The business’s 50 day moving average price is $60.45 and its two-hundred day moving average price is $66.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The company had revenue of $105.01 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.33) EPS. On average, equities analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PAR. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and a consensus price target of $81.86.

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.