11,370 Shares in PAR Technology Co. (NYSE:PAR) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in shares of PAR Technology Co. (NYSE:PAR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,370 shares of the software maker’s stock, valued at approximately $826,000.

A number of other institutional investors have also added to or reduced their stakes in PAR. Invesco Ltd. increased its holdings in PAR Technology by 100.9% during the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker’s stock worth $93,307,000 after buying an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in PAR Technology during the fourth quarter worth $33,011,000. Hood River Capital Management LLC acquired a new position in PAR Technology during the fourth quarter worth $30,392,000. Granahan Investment Management LLC increased its holdings in PAR Technology by 115.5% during the fourth quarter. Granahan Investment Management LLC now owns 347,916 shares of the software maker’s stock worth $25,283,000 after buying an additional 186,490 shares during the last quarter. Finally, Fred Alger Management LLC increased its holdings in PAR Technology by 146.1% during the fourth quarter. Fred Alger Management LLC now owns 311,841 shares of the software maker’s stock worth $22,661,000 after buying an additional 185,107 shares during the last quarter.

PAR Technology Price Performance

NYSE:PAR opened at $69.75 on Wednesday. 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 firm’s fifty day moving average price is $59.27 and its two-hundred day moving average price is $67.22. PAR Technology Co. has a one year low of $41.86 and a one year high of $82.24. The company has a market cap of $2.82 billion, a P/E ratio of -278.99 and a beta of 1.76.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $105.16 million. During the same period in the prior year, the company posted ($0.36) earnings per share. PAR Technology’s revenue was up 48.2% compared to the same quarter last year. Equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PAR shares. The Goldman Sachs Group boosted their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.86.

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.