LRI Investments LLC Sells 438 Shares of PAR Technology Co. (NYSE:PAR)

LRI Investments LLC lowered its stake in PAR Technology Co. (NYSE:PAR) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,013 shares of the software maker’s stock after selling 438 shares during the quarter. LRI Investments LLC’s holdings in PAR Technology were worth $146,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in PAR Technology by 100.9% during the 4th quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker’s stock worth $93,307,000 after acquiring an additional 644,920 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of PAR Technology in the fourth quarter worth $33,011,000. Hood River Capital Management LLC acquired a new position in PAR Technology during the fourth quarter worth $30,392,000. Granahan Investment Management LLC grew its position in PAR Technology by 115.5% in the fourth quarter. Granahan Investment Management LLC now owns 347,916 shares of the software maker’s stock valued at $25,283,000 after purchasing an additional 186,490 shares in the last quarter. Finally, Fred Alger Management LLC increased its stake in PAR Technology by 146.1% in the 4th quarter. Fred Alger Management LLC now owns 311,841 shares of the software maker’s stock valued at $22,661,000 after buying an additional 185,107 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently commented on PAR. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and an average price target of $79.86.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $66.24 on Tuesday. The company has a 50 day moving average of $59.27 and a 200-day moving average of $67.22. The company has a market cap of $2.68 billion, a PE ratio of -264.93 and a beta of 1.76. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 1-year low of $41.27 and a 1-year high of $82.24.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter last year, the company posted ($0.36) EPS. The company’s revenue for the quarter was up 48.2% compared to the same quarter last year. As a group, equities research analysts forecast that PAR Technology Co. 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.