PAR Technology Co. (NYSE:PAR) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in PAR Technology Co. (NYSE:PAR - Free Report) by 106.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,815 shares of the software maker's stock after acquiring an additional 43,633 shares during the quarter. Harbor Capital Advisors Inc. owned 0.23% of PAR Technology worth $4,417,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology in the 2nd quarter worth about $32,000. Amalgamated Bank increased 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 worth $55,000 after buying an additional 237 shares during the period. Central Pacific Bank Trust Division purchased a new position in PAR Technology in the 1st quarter worth about $78,000. LRI Investments LLC purchased a new position in PAR Technology in the 1st quarter worth about $99,000. Finally, nVerses Capital LLC purchased a new position in PAR Technology in the 3rd quarter worth about $125,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com raised shares of PAR Technology to a "sell" rating in a research note on Wednesday, September 18th. Needham & Company LLC raised their price target on shares of PAR Technology from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Benchmark reissued a "buy" rating and set a $69.00 target price on shares of PAR Technology in a research report on Friday, August 9th. The Goldman Sachs Group raised their target price on shares of PAR Technology from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group raised shares of PAR Technology from a "hold" rating to a "buy" rating and raised their target price for the company from $45.00 to $60.00 in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.17.

PAR Technology Stock Performance

PAR traded down $0.50 on Monday, reaching $60.93. The stock had a trading volume of 313,165 shares, compared to its average volume of 334,784. PAR Technology Co. has a 12-month low of $31.57 and a 12-month high of $62.38. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The business's 50-day moving average price is $55.87 and its two-hundred day moving average price is $50.15. The company has a market cap of $2.21 billion, a P/E ratio of -246.76 and a beta of 2.14.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.05). The company had revenue of $78.20 million for the quarter, compared to analysts' expectations of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.65) EPS. Sell-side analysts forecast that PAR Technology Co. will post -1.67 earnings per share for the current 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.