2,854 Shares in PAR Technology Co. (NYSE:PAR) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new stake in PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,854 shares of the software maker’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its position in PAR Technology by 37.5% in the 4th quarter. ProShare Advisors LLC now owns 9,472 shares of the software maker’s stock valued at $688,000 after acquiring an additional 2,582 shares during the period. Nuveen Asset Management LLC increased its position in PAR Technology by 194.2% in the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker’s stock valued at $29,086,000 after acquiring an additional 264,188 shares during the period. Occudo Quantitative Strategies LP acquired a new position in PAR Technology in the 4th quarter valued at approximately $520,000. Gotham Asset Management LLC acquired a new position in PAR Technology in the 4th quarter valued at approximately $1,444,000. Finally, Graham Capital Management L.P. acquired a new position in PAR Technology in the 4th quarter valued at approximately $826,000.

PAR Technology Stock Up 0.3%

Shares of NYSE PAR opened at $69.40 on Wednesday. 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 company’s fifty day simple moving average is $60.16 and its 200 day simple moving average is $67.56. PAR Technology Co. has a 12-month low of $41.86 and a 12-month high of $82.24. The firm has a market cap of $2.81 billion, a PE ratio of -277.59 and a beta of 1.76.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, topping 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 firm had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The business’s revenue was up 48.2% on a year-over-year basis. As a group, sell-side analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group increased their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.86.

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.