Raymond James Financial Inc. Makes New $2.07 Million Investment in PAR Technology Co. (NYSE:PAR)

Raymond James Financial Inc. purchased a new stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 28,442 shares of the software maker's stock, valued at approximately $2,067,000. Raymond James Financial Inc. owned about 0.07% of PAR Technology at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE boosted its position in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology during the 4th quarter valued at $113,000. KBC Group NV boosted its holdings in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock valued at $125,000 after acquiring an additional 400 shares in the last quarter. Principal Financial Group Inc. bought a new stake in PAR Technology during the 4th quarter worth $205,000. Finally, Pring Turner Capital Group Inc. acquired a new position in PAR Technology in the 4th quarter worth about $231,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAR. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Trading Down 7.7 %

NYSE PAR traded down $4.67 during mid-day trading on Thursday, reaching $56.38. 548,170 shares of the stock were exchanged, compared to its average volume of 418,273. 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 stock has a market cap of $2.27 billion, a P/E ratio of -225.50 and a beta of 2.20. The stock has a 50 day simple moving average of $65.33 and a 200-day simple moving average of $66.85. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last posted 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 return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. During the same period last year, the business posted ($0.33) earnings per share. The business's revenue 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 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.