Charles Schwab Investment Management Inc. Grows Position in PAR Technology Co. (NYSE:PAR)

Charles Schwab Investment Management Inc. raised its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 298,067 shares of the software maker's stock after acquiring an additional 20,811 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.82% of PAR Technology worth $15,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of PAR Technology by 14.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker's stock valued at $348,000 after acquiring an additional 954 shares in the last quarter. SG Americas Securities LLC raised its position in PAR Technology by 36.2% during the 2nd quarter. SG Americas Securities LLC now owns 6,670 shares of the software maker's stock valued at $314,000 after purchasing an additional 1,772 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of PAR Technology by 1.8% in the 2nd quarter. Reinhart Partners LLC. now owns 889,724 shares of the software maker's stock worth $41,897,000 after buying an additional 15,678 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of PAR Technology by 2.8% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 60,881 shares of the software maker's stock worth $2,867,000 after buying an additional 1,645 shares in the last quarter. Finally, Penbrook Management LLC purchased a new position in shares of PAR Technology during the second quarter valued at $392,000.

PAR Technology Stock Performance

NYSE:PAR traded up $1.00 during mid-day trading on Friday, hitting $78.70. The company's stock had a trading volume of 337,277 shares, compared to its average volume of 614,987. The business's fifty day moving average is $65.96 and its two-hundred day moving average is $55.64. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -314.80 and a beta of 2.20. PAR Technology Co. has a 1 year low of $37.74 and a 1 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.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAR shares. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Tuesday, November 26th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Thursday, November 7th. Stephens upped their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Craig Hallum boosted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $79.25.

PAR Technology Company Profile

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.