Geode Capital Management LLC Has $56.99 Million Stock Holdings in PAR Technology Co. (NYSE:PAR)

Geode Capital Management LLC lowered its holdings in PAR Technology Co. (NYSE:PAR) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 784,066 shares of the software maker’s stock after selling 34,969 shares during the quarter. Geode Capital Management LLC owned 2.02% of PAR Technology worth $56,993,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in shares of PAR Technology in the fourth quarter valued at about $1,796,000. Moody National Bank Trust Division raised its holdings in PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock valued at $1,764,000 after acquiring an additional 13,200 shares in the last quarter. Barclays PLC lifted its position in shares of PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock worth $3,310,000 after acquiring an additional 51,578 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of PAR Technology during the 4th quarter worth approximately $205,000. Finally, LPL Financial LLC increased its position in shares of PAR Technology by 201.4% during the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker’s stock valued at $6,467,000 after purchasing an additional 59,469 shares during the period.

PAR Technology Price Performance

Shares of PAR stock opened at $55.03 on Monday. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The stock has a market capitalization of $2.21 billion, a PE ratio of -220.12 and a beta of 1.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock’s fifty day moving average is $62.45 and its 200-day moving average is $66.81.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company 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 firm’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.33) EPS. Equities research analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.