PAR Technology Co. (NYSE:PAR) Stock Position Trimmed by DHK Financial Advisors Inc.

DHK Financial Advisors Inc. decreased its position in PAR Technology Co. (NYSE:PAR) by 11.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,362 shares of the software maker’s stock after selling 3,000 shares during the period. PAR Technology makes up approximately 1.1% of DHK Financial Advisors Inc.’s investment portfolio, making the stock its 16th largest position. DHK Financial Advisors Inc.’s holdings in PAR Technology were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Amalgamated Bank increased its position in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after purchasing an additional 237 shares during the period. nVerses Capital LLC bought a new stake in PAR Technology in the third quarter worth about $125,000. KBC Group NV raised its holdings in shares of PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in PAR Technology by 5.1% during 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 in the last quarter. Finally, RiverPark Advisors LLC increased its holdings in shares of PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after buying an additional 865 shares in the last quarter.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $72.37 on Wednesday. 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 $74.83 and a 200 day moving average price of $62.88. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the prior year, the firm posted ($0.35) EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PAR shares. Craig Hallum lifted their price target on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital upped their price target on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, January 23rd. Finally, Stephens upped their target price on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

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.