Inceptionr LLC Sells 2,936 Shares of PAR Technology Co. (NYSE:PAR)

Inceptionr LLC cut its stake in PAR Technology Co. (NYSE:PAR) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,756 shares of the software maker’s stock after selling 2,936 shares during the quarter. Inceptionr LLC’s holdings in PAR Technology were worth $418,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its position in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after purchasing an additional 341 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology in the fourth quarter valued at about $113,000. KBC Group NV raised its position in shares of PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after purchasing an additional 400 shares during the period. Principal Financial Group Inc. bought a new position in shares of PAR Technology in the fourth quarter valued at about $205,000. Finally, Pring Turner Capital Group Inc. bought a new position in shares of PAR Technology in the fourth quarter valued at about $231,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on PAR. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target 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. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Stephens restated an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Trading Up 3.7 %

Shares of PAR Technology stock opened at $64.18 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -256.69 and a beta of 2.20. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24. The firm’s 50-day moving average price is $69.33 and its two-hundred day moving average price is $65.95.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $105.01 million for 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 company’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.33) earnings per share. On average, analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.