Choate Investment Advisors Has $2.17 Million Stock Position in PAR Technology Co. (NYSE:PAR)

Choate Investment Advisors decreased its position in PAR Technology Co. (NYSE:PAR - Free Report) by 24.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,822 shares of the software maker's stock after selling 9,455 shares during the period. Choate Investment Advisors owned approximately 0.08% of PAR Technology worth $2,167,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PAR. Bamco Inc. NY grew its stake in PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock valued at $60,981,000 after acquiring an additional 154,921 shares during the period. State Street Corp grew its position in shares of PAR Technology by 1.2% in the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker's stock valued at $46,108,000 after purchasing an additional 10,582 shares during the period. Geode Capital Management LLC increased its stake in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after purchasing an additional 81,551 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in PAR Technology by 47.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock worth $29,547,000 after purchasing an additional 130,121 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 worth $15,523,000 after buying an additional 20,811 shares during the period.

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PAR Technology Stock Down 0.9 %

Shares of NYSE:PAR traded down $0.54 during midday trading on Thursday, reaching $60.95. The company had a trading volume of 364,911 shares, compared to its average volume of 483,830. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The stock has a market cap of $2.45 billion, a PE ratio of -243.77 and a beta of 2.20. 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 business's 50 day moving average price is $67.56 and its 200 day moving average price is $66.32.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm's revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. Research analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PAR has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Stephens reissued an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology 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.