PAR Technology Co. (NYSE:PAR) is ABS Direct Equity Fund LLC’s 3rd Largest Position

ABS Direct Equity Fund LLC trimmed its stake in PAR Technology Co. (NYSE:PAR) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the software maker’s stock after selling 3,580 shares during the quarter. PAR Technology accounts for 5.9% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 3rd biggest holding. ABS Direct Equity Fund LLC owned about 0.18% of PAR Technology worth $5,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of PAR. Amalgamated Bank boosted its stake in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV lifted its stake in shares of PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of PAR Technology during the third quarter valued at approximately $125,000. Mount Yale Investment Advisors LLC bought a new stake in shares of PAR Technology during the fourth quarter valued at approximately $286,000. Finally, Victory Capital Management Inc. raised its holdings in PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group lifted their target price on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Stephens lifted their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Benchmark upped their target price on shares of 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 lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Performance

Shares of PAR stock opened at $71.21 on Tuesday. 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 1 year low of $37.74 and a 1 year high of $82.24. The firm has a fifty day moving average price of $74.89 and a 200-day moving average price of $62.55.

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

PAR Technology 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.