Rock Creek Group LP Sells 7,328 Shares of PAR Technology Co. (NYSE:PAR)

Rock Creek Group LP cut its position in shares of PAR Technology Co. (NYSE:PAR) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,000 shares of the software maker’s stock after selling 7,328 shares during the period. PAR Technology makes up about 0.3% of Rock Creek Group LP’s portfolio, making the stock its 17th biggest holding. Rock Creek Group LP owned about 0.13% of PAR Technology worth $3,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology in the fourth quarter worth about $29,000. Signaturefd LLC boosted its holdings in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after purchasing an additional 279 shares during the period. US Bancorp DE increased 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 valued at $49,000 after purchasing an additional 341 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology during the 4th quarter valued at $113,000. Finally, KBC Group NV lifted its position in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares during the last quarter.

PAR Technology Trading Down 1.9 %

PAR opened at $61.42 on Friday. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The company has a market capitalization of $2.47 billion, a P/E ratio of -245.65 and a beta of 2.20. The stock’s fifty day moving average is $66.31 and its two-hundred day moving average is $66.79. 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) earnings per share 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 during the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The business’s revenue was up 50.2% compared to the same quarter last year. Analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

PAR has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and an average target price of $81.86.

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.