PAR Technology Co. (NYSE:PAR) is Rovida Advisors Inc.’s 3rd Largest Position

Rovida Advisors Inc. trimmed its position in shares of PAR Technology Co. (NYSE:PAR) by 46.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,000 shares of the software maker’s stock after selling 217,273 shares during the period. PAR Technology comprises about 14.1% of Rovida Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Rovida Advisors Inc. owned 0.65% of PAR Technology worth $18,168,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PAR. Bamco Inc. NY raised its holdings in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after purchasing an additional 154,921 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in PAR Technology by 47.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after buying an additional 130,121 shares in the last quarter. Fred Alger Management LLC purchased a new stake in PAR Technology during the 3rd quarter worth about $6,600,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PAR Technology during the 4th quarter worth about $6,275,000. Finally, Geode Capital Management LLC increased its holdings in shares of PAR Technology by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after acquiring an additional 81,551 shares during the last quarter.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target 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 note on Friday, February 28th. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, The Goldman Sachs Group raised their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.86.

PAR Technology Price Performance

Shares of NYSE PAR opened at $63.61 on Wednesday. The stock has a fifty day moving average price of $67.06 and a 200 day moving average price of $66.69. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market cap of $2.56 billion, a PE ratio of -254.43 and a beta of 2.20.

PAR Technology (NYSE:PAR) last issued its 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 firm had revenue of $105.01 million during 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 firm’s revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.33) EPS. Sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

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.