Loomis Sayles & Co. L P Makes New Investment in PAR Technology Co. (NYSE:PAR)

Loomis Sayles & Co. L P acquired a new stake in PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 454,260 shares of the software maker's stock, valued at approximately $33,011,000. Loomis Sayles & Co. L P owned about 1.17% of PAR Technology at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PAR. Victory Capital Management Inc. raised its holdings in PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock valued at $236,000 after acquiring an additional 219 shares during the last quarter. Signaturefd LLC increased its stake in shares of PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after acquiring an additional 279 shares during the last quarter. US Bancorp DE lifted its holdings in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after acquiring an additional 341 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of PAR Technology by 7.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after acquiring an additional 343 shares during the last quarter. Finally, KBC Group NV grew its holdings in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker's stock valued at $125,000 after purchasing an additional 400 shares during the period.

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PAR Technology Stock Up 0.5 %

NYSE PAR traded up $0.32 during trading hours on Tuesday, reaching $61.66. 106,867 shares of the company traded hands, compared to its average volume of 415,933. The stock has a market capitalization of $2.48 billion, a PE ratio of -246.29 and a beta of 2.20. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a 50 day moving average of $66.08 and a two-hundred day moving average of $66.92. 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 released its earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company's quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.33) EPS. As a group, equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PAR shares. Citigroup restated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Stephens reiterated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, PAR Technology currently has an average rating of "Moderate Buy" and an average target price of $81.86.

PAR Technology 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.