Barclays PLC Purchases 51,578 Shares of PAR Technology Co. (NYSE:PAR)

Barclays PLC boosted its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 431.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,536 shares of the software maker's stock after purchasing an additional 51,578 shares during the period. Barclays PLC owned 0.17% of PAR Technology worth $3,310,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock valued at $15,523,000 after acquiring an additional 20,811 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in PAR Technology during the second quarter valued at approximately $3,881,000. Resolute Capital Asset Partners LLC raised its position in shares of PAR Technology by 33.3% in the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker's stock valued at $2,825,000 after purchasing an additional 15,000 shares during the period. Renaissance Technologies LLC lifted its stake in shares of PAR Technology by 252.0% in the second quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker's stock worth $4,973,000 after buying an additional 75,600 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of PAR Technology during the 3rd quarter worth $598,000.

PAR Technology Stock Performance

Shares of NYSE:PAR traded up $1.38 during trading on Tuesday, hitting $75.11. 151,246 shares of the stock were exchanged, compared to its average volume of 365,699. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -300.43 and a beta of 2.19. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The company's fifty day simple moving average is $70.97 and its 200-day simple moving average is $58.01.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the previous year, the company earned ($0.35) earnings per share. The business's revenue was down 9.6% compared to the same quarter last year. Sell-side analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

PAR has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Benchmark lifted their price objective on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Tuesday, November 26th. 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 report on Monday, November 11th. Finally, StockNews.com upgraded PAR Technology to a "sell" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.