Rock Creek Group LP Sells 7,328 Shares of PAR Technology Co. (NYSE:PAR)

Rock Creek Group LP lowered its position in PAR Technology Co. (NYSE:PAR) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the software maker’s stock after selling 7,328 shares during the period. PAR Technology makes up about 0.3% of Rock Creek Group LP’s portfolio, making the stock its 17th largest position. Rock Creek Group LP’s holdings in PAR Technology were worth $3,634,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new stake in PAR Technology in the fourth quarter worth about $33,011,000. Bamco Inc. NY raised its position in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after purchasing an additional 154,921 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock worth $29,547,000 after purchasing an additional 130,121 shares in the last quarter. Fred Alger Management LLC purchased a new stake in PAR Technology during the 3rd quarter worth approximately $6,600,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in PAR Technology during the 4th quarter valued at approximately $6,275,000.

Analyst Upgrades and Downgrades

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

PAR Technology Stock Down 1.9 %

PAR Technology stock opened at $61.42 on Friday. The business’s 50-day moving average price is $66.31 and its 200 day moving average price is $66.79. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -245.65 and a beta of 2.20. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The business had revenue of $105.01 million during 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 business’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. As a group, sell-side analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current year.

PAR Technology Company 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.