Commonwealth Equity Services LLC Has $790,000 Stock Position in PAR Technology Co. (NYSE:PAR)

Commonwealth Equity Services LLC lowered its stake in shares of PAR Technology Co. (NYSE:PAR) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,867 shares of the software maker’s stock after selling 704 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PAR Technology were worth $790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Swiss National Bank grew its stake in shares of PAR Technology by 7.5% during the fourth quarter. Swiss National Bank now owns 71,300 shares of the software maker’s stock valued at $5,181,000 after purchasing an additional 5,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in PAR Technology in the 4th quarter valued at $6,275,000. Cushing Capital Partners LLC acquired a new stake in shares of PAR Technology in the 4th quarter valued at $1,320,000. Citizens Financial Group Inc. RI bought a new stake in shares of PAR Technology during the fourth quarter worth $233,000. Finally, Lisanti Capital Growth LLC lifted its stake in shares of PAR Technology by 6.2% during the fourth quarter. Lisanti Capital Growth LLC now owns 71,815 shares of the software maker’s stock valued at $5,219,000 after acquiring an additional 4,220 shares during the period.

PAR Technology Stock Performance

PAR stock opened at $61.20 on Thursday. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. 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 firm has a market cap of $2.46 billion, a PE ratio of -244.79 and a beta of 2.20. The business’s 50-day moving average price is $65.63 and its two-hundred day moving average price is $66.92.

PAR Technology (NYSE:PAR) last released its quarterly earnings data 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 business had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter last year, the firm earned ($0.33) EPS. The company’s revenue for the quarter was up 50.2% on a year-over-year basis. As a group, research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

PAR has been the subject of several recent research reports. Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com raised PAR Technology to a “sell” rating in a research note on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.86.

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.