Asset Management One Co. Ltd. Sells 376 Shares of PAR Technology Corporation (NYSE:PAR)

Asset Management One Co. Ltd. decreased its stake in shares of PAR Technology Corporation (NYSE:PAR) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,320 shares of the software maker’s stock after selling 376 shares during the period. Asset Management One Co. Ltd.’s holdings in PAR Technology were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAR. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the fourth quarter valued at approximately $28,000. Mountain Hill Investment Partners Corp. bought a new position in PAR Technology in the fourth quarter worth approximately $29,000. Versant Capital Management Inc raised its position in PAR Technology by 996.6% in the first quarter. Versant Capital Management Inc now owns 647 shares of the software maker’s stock worth $40,000 after acquiring an additional 588 shares during the period. NBC Securities Inc. bought a new position in PAR Technology in the first quarter worth approximately $40,000. Finally, GAMMA Investing LLC raised its position in PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker’s stock worth $43,000 after acquiring an additional 488 shares during the period.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $69.48 on Tuesday. The firm has a fifty day moving average price of $64.42 and a 200-day moving average price of $65.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83. The stock has a market cap of $2.81 billion, a PE ratio of -534.46 and a beta of 1.70. PAR Technology Corporation has a 1 year low of $43.50 and a 1 year high of $82.24.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $105.16 million. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The company’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.36) earnings per share. Equities analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PAR shares. The Goldman Sachs Group increased their price target on shares of PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, May 12th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.86.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the sale, the director directly owned 11,760 shares of the company’s stock, valued at $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

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.