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

Raymond James Financial Inc. purchased a new position in PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in PAR Technology by 5.1% during the 3rd 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 last quarter. Intech Investment Management LLC purchased a new position in shares of PAR Technology in the 3rd quarter worth approximately $598,000. Charles Schwab Investment Management Inc. increased its position in shares of PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock worth $15,523,000 after purchasing an additional 20,811 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of PAR Technology by 6.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker's stock worth $892,000 after purchasing an additional 974 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in PAR Technology by 40.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,924 shares of the software maker's stock valued at $933,000 after purchasing an additional 5,174 shares in the last quarter.

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PAR Technology Stock Down 2.2 %

PAR Technology stock traded down $1.35 during mid-day trading on Wednesday, hitting $60.23. The company had a trading volume of 191,445 shares, compared to its average volume of 455,760. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -240.91 and a beta of 2.20. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $65.84 and a 200 day moving average of $66.96.

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 analysts' consensus estimates of ($0.04) by ($0.17). The firm had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) earnings per share. On average, sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

PAR has been the subject of several analyst reports. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Stephens reaffirmed an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

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.