PAR Technology Co. (NYSE:PAR) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its position in shares of PAR Technology Co. (NYSE:PAR) by 12.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,083,065 shares of the software maker’s stock after selling 447,778 shares during the period. Capital Research Global Investors owned about 0.08% of PAR Technology worth $224,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in PAR Technology during the fourth quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of PAR Technology in the 4th quarter valued at $29,000. Signaturefd LLC grew its position in shares of 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 raised its stake in PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after acquiring an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in PAR Technology in the fourth quarter valued at $113,000.

PAR Technology Price Performance

Shares of NYSE PAR opened at $56.40 on Monday. The stock has a fifty day moving average price of $60.95 and a 200 day moving average price of $66.98. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market cap of $2.27 billion, a PE ratio of -225.60 and a beta of 1.95.

PAR Technology (NYSE:PAR) last issued 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). The firm had revenue of $105.01 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned ($0.33) EPS. Sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PAR. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PAR Technology has an average 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.