Geode Capital Management LLC Buys 81,551 Shares of PAR Technology Co. (NYSE:PAR)

Geode Capital Management LLC raised its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 819,035 shares of the software maker's stock after acquiring an additional 81,551 shares during the period. Geode Capital Management LLC owned approximately 2.26% of PAR Technology worth $42,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Progeny 3 Inc. raised its stake in PAR Technology by 10.9% in the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker's stock worth $62,199,000 after purchasing an additional 129,810 shares in the last quarter. Royce & Associates LP increased its holdings in shares of PAR Technology by 2.6% during the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker's stock worth $61,677,000 after purchasing an additional 30,000 shares during the period. Bamco Inc. NY boosted its stake in shares of 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 buying an additional 154,921 shares during the period. Reinhart Partners LLC. boosted its stake in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker's stock valued at $49,308,000 after buying an additional 57,049 shares during the period. Finally, State Street Corp grew its position in PAR Technology by 1.2% during the third quarter. State Street Corp now owns 885,338 shares of the software maker's stock worth $46,108,000 after buying an additional 10,582 shares in the last quarter.

PAR Technology Price Performance

PAR Technology stock traded up $1.38 during mid-day trading on Tuesday, reaching $75.11. The company had a trading volume of 151,246 shares, compared to its average volume of 365,699. The business has a fifty day simple moving average of $70.97 and a 200 day simple moving average of $58.01. The company has a market cap of $2.73 billion, a P/E ratio of -300.43 and a beta of 2.19. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the firm posted ($0.35) earnings per share. On average, equities research analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PAR. The Goldman Sachs Group increased their target price on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Craig Hallum increased their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Stephens boosted their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Thursday, November 7th. Finally, Benchmark lifted their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.