Brooktree Capital Management Sells 11,340 Shares of PAR Technology Co. (NYSE:PAR)

Brooktree Capital Management cut its holdings in PAR Technology Co. (NYSE:PAR) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 327,619 shares of the software maker’s stock after selling 11,340 shares during the quarter. PAR Technology makes up 17.7% of Brooktree Capital Management’s holdings, making the stock its biggest holding. Brooktree Capital Management’s holdings in PAR Technology were worth $23,808,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Signaturefd LLC boosted its stake in PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE boosted its stake in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the fourth quarter valued at about $113,000. KBC Group NV boosted its stake in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in PAR Technology in the fourth quarter valued at about $205,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PAR shares. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.86.

PAR Technology Trading Up 4.6 %

NYSE PAR opened at $61.42 on Tuesday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -245.66 and a beta of 2.20. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The business has a 50 day moving average price of $67.88 and a 200-day moving average price of $66.31. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. The company’s revenue was up 50.2% compared to the same quarter last year. As a group, equities analysts expect that PAR Technology Co. will post -1.47 earnings per share 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.