Royce & Associates LP Has $61.68 Million Stock Holdings in PAR Technology Co. (NYSE:PAR)

Royce & Associates LP increased its position in PAR Technology Co. (NYSE:PAR - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,184,279 shares of the software maker's stock after acquiring an additional 30,000 shares during the period. PAR Technology makes up 0.6% of Royce & Associates LP's portfolio, making the stock its 27th biggest position. Royce & Associates LP owned approximately 3.26% of PAR Technology worth $61,677,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the second quarter valued at approximately $32,000. Amalgamated Bank increased its position in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock valued at $55,000 after acquiring an additional 237 shares during the period. LRI Investments LLC bought a new stake in PAR Technology during the 1st quarter valued at $99,000. nVerses Capital LLC acquired a new position in PAR Technology during the 3rd quarter worth $125,000. Finally, RiverPark Advisors LLC bought a new position in shares of PAR Technology in the second quarter worth $191,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PAR shares. Needham & Company LLC upped their price objective on shares of PAR Technology from $66.00 to $90.00 and gave the stock a "buy" rating in a report on Monday. Jefferies Financial Group raised shares of PAR Technology from a "hold" rating to a "buy" rating and upped their price target for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $59.00 to $71.00 and gave the company a "neutral" rating in a research note on Tuesday. Stephens upped their target price on PAR Technology from $70.00 to $83.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Craig Hallum lifted their price target on PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.38.

PAR Technology Trading Down 0.9 %

Shares of PAR Technology stock traded down $0.68 on Friday, reaching $72.32. 308,197 shares of the company were exchanged, compared to its average volume of 354,586. The company has a current ratio of 2.13, a quick ratio of 2.80 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a fifty-two week low of $34.87 and a fifty-two week high of $76.10. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -289.27 and a beta of 2.14. The stock has a fifty day moving average price of $58.77 and a 200-day moving average price of $51.79.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same period in the prior year, the firm earned ($0.35) earnings per share. The business's quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts expect that PAR Technology Co. will post -1.67 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.