Cannell & Spears LLC Decreases Holdings in PAR Technology Co. (NYSE:PAR)

Cannell & Spears LLC cut its stake in PAR Technology Co. (NYSE:PAR) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,781 shares of the software maker’s stock after selling 9,534 shares during the quarter. Cannell & Spears LLC owned about 0.44% of PAR Technology worth $12,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology in the 4th quarter worth approximately $29,000. Signaturefd LLC grew its stake in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE grew its position in shares of PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in PAR Technology during the 4th quarter worth $113,000. Finally, KBC Group NV increased its position in shares of PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after purchasing an additional 400 shares during the last quarter.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $61.42 on Monday. PAR Technology Co. has a 12-month low of $37.74 and a 12-month 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 company has a market cap of $2.47 billion, a PE ratio of -245.65 and a beta of 2.20. The stock has a 50 day simple moving average of $66.31 and a 200-day simple moving average of $66.88.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data 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 company had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. On average, equities research analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of research reports. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Monday, March 3rd. Stephens restated an “overweight” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, PAR Technology has an average rating of “Moderate Buy” and an average target price of $81.86.

PAR Technology 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.