PAR Technology Co. (NYSE:PAR) Shares Sold by Rovida Advisors Inc.

Rovida Advisors Inc. cut its stake in PAR Technology Co. (NYSE:PAR) by 46.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the software maker’s stock after selling 217,273 shares during the period. PAR Technology makes up approximately 14.1% of Rovida Advisors Inc.’s holdings, making the stock its 3rd largest holding. Rovida Advisors Inc.’s holdings in PAR Technology were worth $18,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bamco Inc. NY increased its stake in PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after purchasing an additional 154,921 shares in the last quarter. State Street Corp increased its position in shares of PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after buying an additional 10,582 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after buying an additional 81,551 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after acquiring an additional 130,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after acquiring an additional 20,811 shares in the last quarter.

PAR Technology Price Performance

PAR opened at $63.61 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock has a market capitalization of $2.56 billion, a PE ratio of -254.43 and a beta of 2.20. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The company’s 50 day simple moving average is $67.06 and its 200 day simple moving average is $66.69.

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 analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.33) earnings per share. As a group, sell-side analysts expect that PAR Technology Co. will post -1.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Finally, The Goldman Sachs Group raised their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.