Squarepoint Ops LLC Decreases Stake in PAR Technology Corporation $PAR

Squarepoint Ops LLC lowered its position in shares of PAR Technology Corporation (NYSE:PAR) by 74.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,323 shares of the software maker’s stock after selling 27,685 shares during the quarter. Squarepoint Ops LLC’s holdings in PAR Technology were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. lifted its holdings in PAR Technology by 24.1% during the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after acquiring an additional 364,892 shares during the period. AXA S.A. increased its position in shares of PAR Technology by 360.1% during the 2nd quarter. AXA S.A. now owns 298,985 shares of the software maker’s stock valued at $20,741,000 after purchasing an additional 234,009 shares during the last quarter. Rovida Advisors Inc. raised its stake in shares of PAR Technology by 52.5% during the 2nd quarter. Rovida Advisors Inc. now owns 497,844 shares of the software maker’s stock worth $34,530,000 after purchasing an additional 171,350 shares during the period. Progeny 3 Inc. boosted its holdings in shares of PAR Technology by 12.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,482,395 shares of the software maker’s stock worth $102,834,000 after buying an additional 158,887 shares during the last quarter. Finally, Bamco Inc. NY grew its position in PAR Technology by 8.5% during the second quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock valued at $121,494,000 after buying an additional 137,434 shares during the period.

PAR Technology Stock Down 0.8%

PAR opened at $37.12 on Wednesday. PAR Technology Corporation has a 12 month low of $31.65 and a 12 month high of $77.55. The company has a market cap of $1.51 billion, a PE ratio of -17.35 and a beta of 1.38. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $35.68 and a 200 day moving average of $48.30.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $119.18 million for the quarter, compared to analysts’ expectations of $112.23 million. PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, sell-side analysts expect that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Buying and Selling

In other PAR Technology news, CFO Bryan A. Menar sold 6,500 shares of PAR Technology stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the transaction, the chief financial officer owned 71,481 shares of the company’s stock, valued at $2,539,719.93. The trade was a 8.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on PAR. William Blair restated an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. BTIG Research decreased their price target on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group lowered their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of PAR Technology in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

PAR Technology Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.