PAR Technology Co. (NYSE:PAR) Shares Sold by Brooktree Capital Management

Brooktree Capital Management lessened its holdings in shares of PAR Technology Co. (NYSE:PAR) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 338,959 shares of the software maker’s stock after selling 2,147 shares during the period. PAR Technology accounts for approximately 14.3% of Brooktree Capital Management’s investment portfolio, making the stock its 2nd biggest holding. Brooktree Capital Management owned approximately 0.93% of PAR Technology worth $17,653,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PAR. Oppenheimer Asset Management Inc. purchased a new position in shares of PAR Technology during the third quarter worth about $308,000. Victory Capital Management Inc. grew its stake in PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in PAR Technology during the third quarter worth approximately $3,520,000. TimesSquare Capital Management LLC purchased a new stake in PAR Technology in the third quarter valued at approximately $14,398,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of PAR Technology by 106.0% in the third quarter. Harbor Capital Advisors Inc. now owns 84,815 shares of the software maker’s stock valued at $4,417,000 after acquiring an additional 43,633 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PAR shares. Stephens upped their target price on shares of PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Monday. Lake Street Capital increased their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. Benchmark increased their price target on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.38.

PAR Technology Trading Down 0.9 %

Shares of PAR Technology stock opened at $74.27 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80. The business has a 50 day moving average price of $58.36 and a 200 day moving average price of $51.64. The company has a market capitalization of $2.70 billion, a P/E ratio of -297.07 and a beta of 2.14. PAR Technology Co. has a 1 year low of $34.63 and a 1 year high of $76.10.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.35) earnings per share. Sell-side analysts anticipate that PAR Technology Co. will post -1.67 EPS for the current fiscal year.

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.