Concentric Capital Strategies LP Has $1.03 Million Stake in PAR Technology Co. (NYSE:PAR)

Concentric Capital Strategies LP reduced its holdings in PAR Technology Co. (NYSE:PAR) by 75.8% during the 3rd quarter, Holdings Channel reports. The fund owned 19,806 shares of the software maker’s stock after selling 61,923 shares during the quarter. Concentric Capital Strategies LP’s holdings in PAR Technology were worth $1,031,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the second quarter worth $32,000. Amalgamated Bank lifted its position in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares in the last quarter. nVerses Capital LLC bought a new stake in PAR Technology during the 3rd quarter worth about $125,000. RiverPark Advisors LLC acquired a new stake in PAR Technology in the 2nd quarter valued at about $191,000. Finally, Principal Financial Group Inc. bought a new position in shares of PAR Technology in the second quarter worth about $211,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PAR shares. Benchmark increased their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their target price on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. Lake Street Capital raised their price target on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Trading Down 2.1 %

NYSE:PAR opened at $79.44 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The business’s 50-day moving average price is $64.02 and its two-hundred day moving average price is $54.75.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the company posted ($0.35) EPS. As a group, research analysts expect that PAR Technology Co. will post -1.56 earnings per share for the current year.

PAR Technology 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.