BNP Paribas Financial Markets Decreases Stock Holdings in PAR Technology Co. (NYSE:PAR)

BNP Paribas Financial Markets decreased its position in PAR Technology Co. (NYSE:PAR) by 73.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,829 shares of the software maker’s stock after selling 13,095 shares during the quarter. BNP Paribas Financial Markets’ holdings in PAR Technology were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of PAR Technology during the 4th quarter valued at about $1,796,000. Barclays PLC boosted its stake in shares of PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after purchasing an additional 51,578 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of PAR Technology during the 4th quarter valued at about $205,000. LPL Financial LLC boosted its stake in shares of PAR Technology by 201.4% during the 4th 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of PAR Technology during the 4th quarter valued at about $2,067,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PAR. Wall Street Zen raised shares of PAR Technology to a “sell” rating in a research note on Monday, March 3rd. The Goldman Sachs Group boosted their price objective 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. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.86.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total transaction of $69,980.00. Following the sale, the director now owns 11,760 shares in the company, valued at $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

PAR Technology Trading Down 0.7%

Shares of NYSE PAR opened at $65.94 on Tuesday. The firm’s 50 day moving average price is $60.62 and its 200-day moving average price is $67.57. PAR Technology Co. has a 52-week low of $41.86 and a 52-week high of $82.24. 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 company has a market cap of $2.67 billion, a PE ratio of -263.75 and a beta of 1.76.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $105.16 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The business’s revenue for the quarter was up 48.2% on a year-over-year basis. On average, equities research analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

PAR Technology Company 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.