Moody National Bank Trust Division Buys 13,200 Shares of PAR Technology Co. (NYSE:PAR)

Moody National Bank Trust Division raised its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 119.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,278 shares of the software maker's stock after purchasing an additional 13,200 shares during the quarter. Moody National Bank Trust Division owned approximately 0.06% of PAR Technology worth $1,764,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its stake in PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock valued at $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC bought a new stake in PAR Technology in the 3rd quarter valued at $125,000. Principal Financial Group Inc. acquired a new stake in PAR Technology during the 2nd quarter valued at $211,000. Victory Capital Management Inc. boosted its position in PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock worth $236,000 after purchasing an additional 219 shares during the period. 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

PAR stock traded down $0.48 during midday trading on Monday, reaching $67.36. The company had a trading volume of 520,422 shares, compared to its average volume of 433,703. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The stock has a 50 day moving average price of $74.40 and a 200-day moving average price of $60.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -269.43 and a beta of 2.21.

PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million during the quarter, compared to analysts' expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) EPS. Equities research analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAR. Craig Hallum lifted their target price 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. Lake Street Capital boosted their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, January 3rd. StockNews.com raised PAR Technology to a "sell" rating in a report on Thursday, November 7th. Finally, Stephens upped their price objective on PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, PAR Technology presently has an average rating of "Moderate Buy" and a consensus target price of $79.25.

About PAR Technology

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.