Leo Wealth LLC Takes $786,000 Position in PAR Technology Co. (NYSE:PAR)

Leo Wealth LLC purchased a new position in PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,816 shares of the software maker's stock, valued at approximately $786,000.

A number of other institutional investors also recently bought and sold shares of the business. KBC Group NV boosted its holdings in PAR Technology by 30.4% during 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 acquired a new position in PAR Technology during the third quarter worth $125,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of PAR Technology in the 4th quarter worth $286,000. Victory Capital Management Inc. raised its holdings in shares of PAR Technology by 5.1% during 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 period. Finally, RiverPark Advisors LLC boosted its position in shares of PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker's stock valued at $257,000 after acquiring an additional 865 shares during the last quarter.

PAR Technology Price Performance

Shares of PAR Technology stock traded down $2.16 during trading on Tuesday, hitting $69.34. 317,918 shares of the company were exchanged, compared to its average volume of 524,063. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $73.63 and a 200 day moving average price of $64.08. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -277.35 and a beta of 2.22.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.35) earnings per share. On average, equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens raised their price target on shares of PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, January 3rd. The Goldman Sachs Group boosted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Thursday, January 23rd. Finally, Benchmark lifted their price target on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $79.25.

About PAR Technology

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.