Cynosure Group LLC Makes New $339,000 Investment in PAR Technology Co. (NYSE:PAR)

Cynosure Group LLC purchased a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,508 shares of the software maker's stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Magnolia Capital Advisors LLC purchased a new stake in shares of PAR Technology during the second quarter worth $3,881,000. Harbor Capital Advisors Inc. grew its stake in PAR Technology by 219.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker's stock valued at $1,939,000 after acquiring an additional 28,273 shares in the last quarter. Resolute Capital Asset Partners LLC raised its holdings in PAR Technology by 33.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker's stock valued at $2,825,000 after acquiring an additional 15,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in PAR Technology by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker's stock worth $97,950,000 after purchasing an additional 50,793 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of PAR Technology by 252.0% during the 2nd quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker's stock worth $4,973,000 after purchasing an additional 75,600 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on PAR shares. Benchmark increased their price target on PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Lake Street Capital raised their target price on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Thursday, November 7th. Stephens raised their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of PAR Technology from $59.00 to $71.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.25.

PAR Technology Trading Up 1.2 %

PAR stock traded up $0.96 during mid-day trading on Friday, hitting $81.02. 364,008 shares of the company were exchanged, compared to its average volume of 361,908. The business has a fifty day simple moving average of $63.05 and a 200-day simple moving average of $54.08. The firm has a market capitalization of $2.94 billion, a P/E ratio of -324.56 and a beta of 2.14. PAR Technology Co. has a 12-month low of $36.16 and a 12-month 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.

PAR Technology (NYSE:PAR - Get Free Report) last posted 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. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. 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 business earned ($0.35) EPS. The company's quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts predict that PAR Technology Co. will post -1.56 earnings per share for the current fiscal year.

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.