Penbrook Management LLC Sells 1,445 Shares of PAR Technology Corporation $PAR

Penbrook Management LLC lessened its holdings in PAR Technology Corporation (NYSE:PAR) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,535 shares of the software maker’s stock after selling 1,445 shares during the quarter. Penbrook Management LLC’s holdings in PAR Technology were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PAR. Caitong International Asset Management Co. Ltd boosted its stake in shares of PAR Technology by 8,616.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker’s stock valued at $32,000 after purchasing an additional 517 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PAR Technology by 232.4% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the software maker’s stock valued at $43,000 after purchasing an additional 488 shares during the last quarter. Assetmark Inc. boosted its stake in shares of PAR Technology by 161.7% in the 1st quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock valued at $48,000 after purchasing an additional 485 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of PAR Technology in the 1st quarter valued at about $53,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of PAR Technology in the 1st quarter valued at about $72,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. The Goldman Sachs Group reduced their price objective on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of PAR Technology in a research note on Wednesday, October 8th. Benchmark reduced their price objective on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Finally, BTIG Research raised shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, August 15th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PAR Technology has an average rating of “Moderate Buy” and a consensus target price of $74.57.

PAR Technology Stock Down 0.4%

PAR Technology stock opened at $36.06 on Tuesday. The company has a market cap of $1.46 billion, a P/E ratio of -16.03 and a beta of 1.65. PAR Technology Corporation has a 1-year low of $35.97 and a 1-year high of $82.24. The company has a fifty day simple moving average of $46.13 and a 200 day simple moving average of $57.50. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $112.40 million during the quarter, compared to the consensus estimate of $111.02 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period last year, the business posted ($0.23) EPS. Research analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.