PAR Technology Co. (NYSE:PAR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of PAR Technology Co. (NYSE:PAR – Get Rating) by 56.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680 shares of the software maker’s stock after selling 880 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PAR Technology were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in shares of PAR Technology in the 4th quarter valued at $55,000. CWM LLC purchased a new stake in shares of PAR Technology in the 4th quarter valued at $67,000. Sargent Bickham Lagudis LLC purchased a new stake in shares of PAR Technology in the 1st quarter valued at $61,000. Ensign Peak Advisors Inc purchased a new stake in shares of PAR Technology in the 4th quarter valued at $167,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of PAR Technology by 79.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,021 shares of the software maker’s stock valued at $212,000 after acquiring an additional 1,784 shares during the last quarter.

PAR Technology Stock Performance

PAR opened at $41.62 on Monday. The company has a quick ratio of 3.93, a current ratio of 4.63 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -13.21 and a beta of 1.86. PAR Technology Co. has a 52-week low of $28.87 and a 52-week high of $73.45. The firm’s fifty day simple moving average is $37.72 and its two-hundred day simple moving average is $37.94.

PAR Technology (NYSE:PAR – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The software maker reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.19. The business had revenue of $80.30 million for the quarter, compared to the consensus estimate of $74.66 million. PAR Technology had a negative net margin of 26.94% and a negative return on equity of 16.67%. The company’s revenue was up 47.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.38) earnings per share. Equities analysts anticipate that PAR Technology Co. will post -1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on PAR shares. The Goldman Sachs Group started coverage on shares of PAR Technology in a report on Tuesday, May 17th. They issued a “neutral” rating and a $43.00 price objective on the stock. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Wednesday, July 27th. Finally, Jefferies Financial Group lowered their price target on shares of PAR Technology from $55.00 to $43.00 in a report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, PAR Technology has an average rating of “Hold” and an average target price of $53.60.

About PAR Technology

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PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.

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