PAR Technology Co. (NYSE:PAR) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in PAR Technology Co. (NYSE:PAR) by 20,288.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,815 shares of the software maker’s stock after purchasing an additional 42,605 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of PAR Technology worth $2,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker’s stock worth $93,307,000 after buying an additional 644,920 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PAR Technology by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker’s stock worth $48,000,000 after buying an additional 26,008 shares during the last quarter. Next Century Growth Investors LLC lifted its position in shares of PAR Technology by 15.7% in the fourth quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker’s stock worth $37,683,000 after buying an additional 70,386 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of PAR Technology in the fourth quarter worth about $33,011,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of PAR Technology in the fourth quarter worth about $30,392,000.

Insider Activity

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

Wall Street Analyst Weigh In

PAR has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, May 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Monday, May 12th. Benchmark reissued a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Wall Street Zen raised PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, Citigroup reissued a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.86.

PAR Technology Trading Down 2.7%

PAR Technology stock opened at $63.61 on Friday. The business has a 50 day moving average price of $62.04 and a two-hundred day moving average price of $66.83. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -254.43 and a beta of 1.70. PAR Technology Co. has a 12 month low of $41.86 and a 12 month high of $82.24.

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 the consensus estimate of ($0.05) by $0.04. The firm had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.36) EPS. As a group, equities analysts forecast that PAR Technology Co. will post -1.47 EPS for the current 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.