Gotham Asset Management LLC Takes $1.44 Million Position in PAR Technology Co. (NYSE:PAR)

Gotham Asset Management LLC acquired a new stake in shares of PAR Technology Co. (NYSE:PAR) during the 4th quarter, Holdings Channel reports. The fund acquired 19,864 shares of the software maker’s stock, valued at approximately $1,444,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in PAR Technology in the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. bought a new stake in PAR Technology in the 4th quarter valued at $29,000. Signaturefd LLC increased its holdings 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 acquiring an additional 279 shares during the last quarter. US Bancorp DE increased its holdings 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 acquiring an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in PAR Technology in the 4th quarter valued at $113,000.

PAR Technology Stock Performance

Shares of NYSE:PAR opened at $69.75 on Friday. PAR Technology Co. has a 52 week low of $41.86 and a 52 week high of $82.24. The stock has a market capitalization of $2.82 billion, a P/E ratio of -278.97 and a beta of 1.76. The firm has a fifty day simple moving average of $59.82 and a two-hundred day simple moving average of $67.38. 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 (NYSE:PAR) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $105.16 million. During the same period last year, the company posted ($0.36) EPS. The business’s revenue was up 48.2% on a year-over-year basis. On average, analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAR. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Monday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a report on Monday, May 12th. Finally, Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.86.

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.