Hodges Capital Management Inc. decreased its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,769 shares of the software maker's stock after selling 8,986 shares during the quarter. Hodges Capital Management Inc. owned 0.41% of PAR Technology worth $7,696,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in 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 purchasing an additional 954 shares during the period. SG Americas Securities LLC grew its stake in PAR Technology by 36.2% in the second quarter. SG Americas Securities LLC now owns 6,670 shares of the software maker's stock valued at $314,000 after acquiring an additional 1,772 shares during the period. Reinhart Partners LLC. increased its holdings in shares of PAR Technology by 1.8% in the second quarter. Reinhart Partners LLC. now owns 889,724 shares of the software maker's stock worth $41,897,000 after acquiring an additional 15,678 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings 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 valued at $2,867,000 after purchasing an additional 1,645 shares in the last quarter. Finally, Penbrook Management LLC acquired a new position in shares of PAR Technology in the 2nd quarter valued at approximately $392,000.
PAR Technology Stock Up 1.3 %
PAR stock traded up $1.00 during mid-day trading on Friday, reaching $78.70. The company had a trading volume of 337,277 shares, compared to its average volume of 614,987. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -314.80 and a beta of 2.20. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The stock has a 50 day simple moving average of $65.96 and a two-hundred day simple moving average of $55.64. 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 issued its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same period in the previous year, the company earned ($0.35) earnings per share. The firm's revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have commented on PAR. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a report on Tuesday, November 26th. Craig Hallum raised their price objective 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. Benchmark upped their target price on shares of PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Stephens lifted their price target on PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their price target on PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $79.25.
Get Our Latest Stock Analysis on PAR Technology
PAR Technology Company Profile
(
Free Report)
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.
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