LPL Financial LLC Purchases 59,469 Shares of PAR Technology Co. (NYSE:PAR)

LPL Financial LLC increased its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 201.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,991 shares of the software maker's stock after acquiring an additional 59,469 shares during the quarter. LPL Financial LLC owned about 0.23% of PAR Technology worth $6,467,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of PAR Technology by 1.2% in the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker's stock worth $46,108,000 after purchasing an additional 10,582 shares during the period. Geode Capital Management LLC raised its stake in PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after buying an additional 81,551 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in PAR Technology by 47.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock valued at $29,547,000 after buying an additional 130,121 shares during the period. Charles Schwab Investment Management Inc. boosted its position in PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock valued at $15,523,000 after acquiring an additional 20,811 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its holdings in PAR Technology by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker's stock worth $13,588,000 after acquiring an additional 3,303 shares during the period.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on PAR shares. 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. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com upgraded PAR Technology to a "sell" rating in a report on Monday, March 3rd. 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, the stock has an average rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology Stock Up 1.0 %

Shares of PAR stock traded up $0.52 during trading hours on Friday, reaching $55.03. The company had a trading volume of 229,029 shares, compared to its average volume of 427,963. The business has a fifty day simple moving average of $62.45 and a 200-day simple moving average of $66.72. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a market cap of $2.21 billion, a price-to-earnings ratio of -220.12 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 issued its quarterly earnings data 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 company had revenue of $105.01 million for the quarter, compared to the consensus estimate 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 was up 50.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) earnings per share. On average, research analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.