PAR Technology Corporation $PAR Position Raised by Rovida Advisors Inc.

Rovida Advisors Inc. raised its stake in shares of PAR Technology Corporation (NYSE:PAR) by 52.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,844 shares of the software maker’s stock after purchasing an additional 171,350 shares during the period. PAR Technology accounts for about 5.4% of Rovida Advisors Inc.’s portfolio, making the stock its 5th biggest position. Rovida Advisors Inc.’s holdings in PAR Technology were worth $34,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PAR. Nuveen LLC purchased a new position in shares of PAR Technology during the 1st quarter worth about $24,500,000. GW&K Investment Management LLC purchased a new position in shares of PAR Technology during the first quarter valued at approximately $24,018,000. Voss Capital LP grew its stake in shares of PAR Technology by 16.9% during the first quarter. Voss Capital LP now owns 1,706,362 shares of the software maker’s stock valued at $104,668,000 after buying an additional 246,362 shares during the last quarter. Invesco Ltd. raised its holdings in shares of PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock worth $92,767,000 after buying an additional 228,369 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in shares of PAR Technology during the 1st quarter worth approximately $12,554,000.

PAR Technology Stock Up 0.7%

NYSE:PAR opened at $38.98 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. The stock has a market capitalization of $1.58 billion, a P/E ratio of -17.32 and a beta of 1.63. The company’s 50-day simple moving average is $39.29 and its 200-day simple moving average is $54.47. PAR Technology Corporation has a fifty-two week low of $32.56 and a fifty-two week high of $82.24.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm had revenue of $119.18 million for the quarter, compared to analysts’ expectations of $112.23 million. During the same period in the previous year, the company earned ($0.09) EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PAR shares. Benchmark reduced their target price on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. The Goldman Sachs Group cut their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. BTIG Research decreased their price objective on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. William Blair restated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. Finally, Needham & Company LLC reduced their target price on shares of PAR Technology from $90.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

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.