EntryPoint Capital LLC Enters PAR Technology Co. (NYSE:PAR) with New Investment
EntryPoint Capital LLC initiated a new position in PAR Technology Co. (NYSE:PAR) during the fourth quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,703 shares of the software maker’s stock, which at the time of the filing, was valued at approximately $342,000.
Several other institutional investors have also been active in buying and selling shares of PAR Technology.
- Mountain Hill Investment Partners Corp. purchased a new stake in PAR Technology shares, valued at $29,000 during the same quarter.
- LPL Financial LLC increased its holdings by 201.4%, now owning 88,991 shares valued at $6,467,000 after purchasing an additional 59,469 shares.
- KLP Kapitalforvaltning AS acquired a new stake worth about $509,000.
- Sei Investments Co. increased its position by 2.2%, now holding 38,214 shares valued at $2,777,000 after the purchase of 832 additional shares.
- Semanteon Capital Management LP also initiated a new position, valued at approximately $1,421,000.
Analysts’ Ratings and Price Targets
Several analysts have recently issued reports on PAR Technology shares.
- The Goldman Sachs Group increased its target price from $71.00 to $79.00, maintaining a “neutral” rating.
- Craig Hallum reissued a “buy” rating on February 28th.
- Needham & Company LLC restated a “buy” rating and issued a $90.00 target price.
- StockNews.com has downgraded PAR Technology to a “sell” rating.
- Benchmark maintained a “buy” rating on shares of PAR Technology.
Based on data from MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and a consensus target price of $81.86.
Stock Performance Overview
Shares of PAR Technology opened at $62.39 on Thursday. The company has a market capitalization of $2.51 billion, a P/E ratio of -249.53, and a beta of 2.20. The stock’s one-year low is $37.74, and the one-year high is $82.24. Currently, the stock’s 50-day simple moving average is $66.79 and its 200-day simple moving average is $66.66.
The company’s debt-to-equity ratio is 0.67, with a current ratio of 2.13 and a quick ratio of 1.91.
Recent Financial Results
PAR Technology last released its earnings results on February 28th, reporting an EPS of ($0.21), missing the consensus estimate of ($0.04) by ($0.17). The company had a negative net margin of 0.66% and a negative return on equity of 8.99%. Revenue for the quarter was $105.01 million, exceeding the consensus estimate of $99.10 million. Revenue increased 50.2% year-over-year. Analysts expect PAR Technology Co. to post -1.47 EPS for the current fiscal year.
