PAR Technology Co. (NYSE:PAR) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 164.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,177 shares of the software maker's stock after acquiring an additional 18,763 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of PAR Technology worth $2,193,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in PAR Technology in the 4th quarter worth approximately $1,796,000. Moody National Bank Trust Division increased its stake in PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after purchasing an additional 13,200 shares during the period. Barclays PLC lifted its holdings in shares of PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after buying an additional 51,578 shares during the period. Principal Financial Group Inc. bought a new position in PAR Technology in the fourth quarter worth approximately $205,000. Finally, LPL Financial LLC boosted its position in PAR Technology by 201.4% during the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock valued at $6,467,000 after purchasing an additional 59,469 shares in the last quarter.

PAR Technology Trading Up 0.7 %

PAR traded up $0.44 during trading on Tuesday, hitting $59.93. The company's stock had a trading volume of 385,928 shares, compared to its average volume of 433,940. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The firm's 50 day moving average price is $59.77 and its 200-day moving average price is $67.09. The stock has a market cap of $2.43 billion, a PE ratio of -239.70 and a beta of 1.95. 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 announced its 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 firm had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology's revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.33) earnings per share. On average, analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAR has been the topic of a number of research analyst reports. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reissued an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Finally, Craig Hallum restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.86.

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.