Hodges Capital Management Inc. Lowers Stock Holdings in PAR Technology Co. (NYSE:PAR)

Hodges Capital Management Inc. cut its stake in shares of PAR Technology Co. (NYSE:PAR) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,627 shares of the software maker’s stock after selling 64,142 shares during the period. Hodges Capital Management Inc.’s holdings in PAR Technology were worth $6,077,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PAR. nVerses Capital LLC purchased a new stake in shares of PAR Technology during the third quarter worth approximately $125,000. KBC Group NV increased its stake in PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares during the period. Victory Capital Management Inc. raised its position in PAR Technology by 5.1% during the 3rd 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. RiverPark Advisors LLC lifted its stake in shares of PAR Technology by 21.3% in the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after acquiring an additional 865 shares during the period. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of PAR Technology in the fourth quarter valued at about $286,000.

PAR Technology Stock Performance

PAR Technology stock opened at $72.59 on Monday. 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 Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The stock’s fifty day moving average is $74.57 and its two-hundred day moving average is $63.32.

PAR Technology (NYSE:PAR) last posted its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period last year, the firm posted ($0.35) EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PAR has been the subject of several analyst reports. Craig Hallum increased their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Stephens increased their target price on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Benchmark lifted their price target on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Lake Street Capital increased their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

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.