New York State Common Retirement Fund grew its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,984 shares of the software maker's stock after acquiring an additional 5,542 shares during the period. New York State Common Retirement Fund owned about 0.11% of PAR Technology worth $3,196,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. raised its holdings 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 worth $236,000 after buying an additional 219 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of PAR Technology by 7.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock valued at $361,000 after buying an additional 343 shares during the last quarter. KBC Group NV lifted its holdings in shares of PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after buying an additional 400 shares during the period. Rhumbline Advisers increased its holdings in shares of PAR Technology by 1.6% in the 4th quarter. Rhumbline Advisers now owns 50,990 shares of the software maker's stock valued at $3,705,000 after acquiring an additional 782 shares during the period. Finally, RiverPark Advisors LLC boosted its holdings in PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker's stock worth $257,000 after acquiring an additional 865 shares in the last quarter.
PAR Technology Price Performance
NYSE:PAR traded up $1.26 during trading hours on Tuesday, hitting $65.65. The company's stock had a trading volume of 280,287 shares, compared to its average volume of 485,259. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The stock has a fifty day simple moving average of $70.16 and a 200-day simple moving average of $65.74. 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 $2.54 billion, a P/E ratio of -262.59 and a beta of 2.22.
PAR Technology (NYSE:PAR - Get Free Report) last announced 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). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. During the same quarter in the prior year, the company posted ($0.33) EPS. PAR Technology's revenue for the quarter was up 50.2% on a year-over-year basis. On average, analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on PAR. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday. The Goldman Sachs Group upped their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday. Finally, StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.25.
Read Our Latest Analysis on PAR Technology
About PAR Technology
(
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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