Lisanti Capital Growth LLC grew its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,815 shares of the software maker's stock after buying an additional 4,220 shares during the period. Lisanti Capital Growth LLC owned approximately 0.19% of PAR Technology worth $5,219,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in PAR. US Bancorp DE grew its stake in shares of PAR Technology by 104.3% in 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 purchased a new position in shares of PAR Technology during the 4th quarter worth about $113,000. KBC Group NV boosted its stake 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 purchasing an additional 400 shares during the period. Principal Financial Group Inc. purchased a new position in shares of PAR Technology during the 4th quarter worth about $205,000. Finally, Pring Turner Capital Group Inc. purchased a new position in shares of PAR Technology during the 4th quarter worth about $231,000.
A number of research firms recently commented on PAR. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research note on Monday. Stephens reaffirmed an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.25.
Read Our Latest Analysis on PAR Technology
NYSE:PAR opened at $61.77 on Friday. The company has a market cap of $2.39 billion, a PE ratio of -247.07 and a beta of 2.22. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. 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 company's 50 day moving average is $69.51 and its two-hundred day moving average is $65.79.
PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results 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). The company had revenue of $105.01 million for the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm's revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.33) EPS. Analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current year.
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.
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