Blair William & Co. IL boosted its position in PAR Technology Co. (NYSE:PAR - Free Report) by 74.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 128,937 shares of the software maker's stock after purchasing an additional 55,204 shares during the period. Blair William & Co. IL owned about 0.33% of PAR Technology worth $9,370,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAR. Mountain Hill Investment Partners Corp. purchased a new position in shares of PAR Technology in the 4th quarter worth approximately $29,000. Signaturefd LLC lifted its holdings in PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares during the period. US Bancorp DE boosted its position in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after purchasing an additional 341 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in PAR Technology in the 4th quarter valued at $113,000. Finally, KBC Group NV increased its position in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock valued at $125,000 after purchasing an additional 400 shares during the last quarter.
PAR Technology Stock Performance
Shares of PAR Technology stock traded down $0.78 during trading hours on Wednesday, reaching $60.80. The company had a trading volume of 237,912 shares, compared to its average volume of 416,567. The firm has a market cap of $2.44 billion, a PE ratio of -243.19 and a beta of 2.20. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The business has a fifty day simple moving average of $65.84 and a 200 day simple moving average of $66.96.
PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $105.01 million for the quarter, compared to analysts' expectations of $99.10 million. During the same period in the previous year, the firm earned ($0.33) EPS. The firm's quarterly revenue was up 50.2% compared to the same quarter last year. On average, analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens restated an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Benchmark reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.86.
Check Out Our Latest Analysis on PAR
About PAR Technology
(
Free Report)
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.
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