BluePointe Capital Management LLC Reduces Holdings in PAR Technology Co. (NYSE:PAR)

BluePointe Capital Management LLC cut its stake in PAR Technology Co. (NYSE:PAR) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,510 shares of the software maker’s stock after selling 12,500 shares during the quarter. BluePointe Capital Management LLC’s holdings in PAR Technology were worth $1,636,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of PAR Technology during the third quarter valued at approximately $308,000. Intech Investment Management LLC purchased a new position in PAR Technology in the 3rd quarter worth approximately $598,000. Charles Schwab Investment Management Inc. lifted its position in PAR Technology by 7.5% in 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. Finally, The Manufacturers Life Insurance Company boosted its stake in PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock valued at $892,000 after purchasing an additional 974 shares during the last quarter.

PAR Technology Trading Up 2.1 %

Shares of PAR stock opened at $61.39 on Thursday. The company has a market cap of $2.47 billion, a PE ratio of -245.53 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 stock’s 50 day simple moving average is $67.56 and its two-hundred day simple moving average is $66.32. 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 (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $105.01 million for the quarter, compared to analysts’ expectations of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) EPS. Research analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. The Goldman Sachs Group raised their price target on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.86.

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.