Cushing Capital Partners LLC Purchases New Position in PAR Technology Co. (NYSE:PAR)

Cushing Capital Partners LLC purchased a new stake in PAR Technology Co. (NYSE:PAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,163 shares of the software maker’s stock, valued at approximately $1,320,000. PAR Technology makes up about 1.3% of Cushing Capital Partners LLC’s portfolio, making the stock its 24th biggest holding.

Several other large investors have also added to or reduced their stakes in the business. US Bancorp DE lifted its position in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology during the 4th quarter worth approximately $113,000. KBC Group NV lifted its position in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of PAR Technology during the 4th quarter worth approximately $205,000. Finally, Pring Turner Capital Group Inc. bought a new position in shares of PAR Technology during the 4th quarter worth approximately $231,000.

Analysts Set New Price Targets

Several equities analysts have commented on PAR shares. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. The Goldman Sachs Group lifted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Monday, March 3rd. Finally, Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Down 2.7 %

PAR Technology stock opened at $62.50 on Tuesday. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -250.00 and a beta of 2.20. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $69.11 and a 200 day simple moving average of $66.09.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $105.01 million during the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. The firm’s quarterly revenue was up 50.2% on a year-over-year basis. On average, analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current year.

PAR Technology 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.