Bamco Inc. NY Raises Holdings in PAR Technology Co. (NYSE:PAR)

Bamco Inc. NY lifted its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,170,908 shares of the software maker's stock after purchasing an additional 154,921 shares during the period. Bamco Inc. NY owned 3.22% of PAR Technology worth $60,981,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PAR. Victory Capital Management Inc. raised its position 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 valued at $236,000 after purchasing an additional 219 shares during the period. Amalgamated Bank raised its position 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 purchasing an additional 237 shares during the period. Inspire Investing LLC raised its position in PAR Technology by 6.1% in the third quarter. Inspire Investing LLC now owns 7,935 shares of the software maker's stock valued at $413,000 after purchasing an additional 454 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology in the second quarter valued at approximately $32,000. Finally, RiverPark Advisors LLC raised its position in 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 period.

PAR Technology Stock Performance

Shares of PAR traded down $1.70 during mid-day trading on Monday, hitting $79.44. 379,661 shares of the company's stock were exchanged, compared to its average volume of 361,323. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The firm has a market capitalization of $2.88 billion, a P/E ratio of -317.75 and a beta of 2.14. The business's 50 day moving average is $63.55 and its two-hundred day moving average is $54.51. 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 posted its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm 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 firm's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) earnings per share. On average, equities analysts expect that PAR Technology Co. will post -1.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on PAR shares. Stephens upped their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday. Jefferies Financial Group raised PAR Technology from a "hold" rating to a "buy" rating and upped their price objective for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. Finally, Craig Hallum upped their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. One equities research 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. Based on data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and an average 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.