Dimensional Fund Advisors LP increased its holdings in PAR Technology Co. (NYSE:PAR) by 4.1% during the fourth quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,496 shares of the software maker’s stock after acquiring an additional 26,008 shares during the period. Dimensional Fund Advisors LP’s stake in PAR Technology was valued at approximately $48 million at the end of the most recent reporting period, representing about 1.71% of the company’s outstanding shares.
Other institutional investors have also recently adjusted their holdings in PAR Technology. Aster Capital Management DIFC Ltd established a new position in the company’s shares worth approximately $28,000. Mountain Hill Investment Partners Corp. also purchased a new stake in PAR Technology worth about $29,000. Signaturefd LLC increased its stake by 85.6%, now owning 605 shares valued at $44,000. US Bancorp DE boosted its holdings by 104.3%, owning 668 shares worth $49,000. Arcadia Investment Management Corp MI established a new position worth $113,000.
Stock Performance
PAR Technology’s stock opened at $60.50 on Friday. The company has a market capitalization of $2.45 billion, with a price-to-earnings ratio of -241.99 and a beta of 1.95. The stock has a 50-day moving average of $59.51 and a 200-day moving average of $67.03. PAR Technology’s 52-week low is $37.74, and its 52-week high is $82.24.
Financial Metrics
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 last reported earnings on February 28th, missing consensus estimates with a loss of $0.21 per share. Revenue for the quarter was $105.01 million, up 50.2% from the same period the previous year.
Analyst Ratings
Several research analysts have recently issued reports on PAR Technology. StockNews.com downgraded the stock to a “sell” rating. Citigroup maintained a “neutral” rating, while Needham & Company LLC and Craig Hallum reiterated “buy” ratings. Stephens maintained an “overweight” rating with a $90.00 price target. The consensus rating among analysts is currently “Moderate Buy” with a target price of $81.86.
PAR Technology Corporation provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The company’s Restaurant/Retail segment offers various solutions, including PUNCHH, MENU, BRINK POS, PAR PAYMENT SERVICES, and DATA CENTRAL.
