Marshall Wace LLP Lowers Stock Position in PAR Technology Co. (NYSE:PAR)

Marshall Wace LLP cut its holdings in shares of PAR Technology Co. (NYSE:PAR) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,575 shares of the software maker’s stock after selling 16,218 shares during the period. Marshall Wace LLP owned 0.05% of PAR Technology worth $1,495,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology during the fourth quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology in the 4th quarter valued at $29,000. Signaturefd LLC grew its position in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after buying an additional 279 shares during the last quarter. US Bancorp DE grew its position in PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after buying an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in PAR Technology in the 4th quarter valued at $113,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PAR. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, Stephens restated an “overweight” rating and set a $90.00 target price 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 issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.86.

PAR Technology Trading Down 0.4 %

NYSE:PAR opened at $59.55 on Tuesday. The company has a market capitalization of $2.41 billion, a PE ratio of -238.19 and a beta of 1.95. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The stock has a fifty day simple moving average of $59.77 and a 200-day simple moving average of $67.09.

PAR Technology (NYSE:PAR) last released its quarterly earnings results 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 firm had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. On average, equities research analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.