Intech Investment Management LLC Acquires New Shares in PAR Technology Co. (NYSE:PAR)

Intech Investment Management LLC bought 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 institutional investor bought 11,488 shares of the software maker's stock, valued at approximately $598,000.

Several other hedge funds have also bought and sold shares of PAR. Victory Capital Management Inc. raised its stake in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock valued at $236,000 after buying an additional 219 shares during the period. Amalgamated Bank raised its stake in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock valued at $55,000 after acquiring an additional 237 shares during the period. Inspire Investing LLC lifted its holdings in PAR Technology by 6.1% during the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker's stock valued at $413,000 after purchasing an additional 454 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in PAR Technology during the second quarter worth $32,000. Finally, RiverPark Advisors LLC increased its holdings in shares of PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker's stock valued at $257,000 after purchasing an additional 865 shares during the last quarter.

PAR Technology Price Performance

Shares of PAR traded up $1.08 during trading hours on Friday, hitting $81.14. 364,008 shares of the company were exchanged, compared to its average volume of 635,608. 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 Co. has a fifty-two week low of $36.16 and a fifty-two week high of $82.24. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -324.55 and a beta of 2.14. The firm's fifty day moving average is $63.55 and its 200 day moving average is $54.44.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) 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 firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the company posted ($0.35) earnings per share. The business's revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts anticipate that PAR Technology Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PAR. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Tuesday, November 26th. Craig Hallum boosted their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Stephens upped their target price on 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 PAR Technology to a "sell" rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised PAR Technology from a "hold" rating to a "buy" rating and upped their price objective for the company from $45.00 to $60.00 in a report on Monday, August 12th. One research 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.25.

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.