PAR Technology Co. (NYSE:PAR) Shares Acquired by State Street Corp

State Street Corp raised its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 885,338 shares of the software maker's stock after acquiring an additional 10,582 shares during the period. State Street Corp owned approximately 2.44% of PAR Technology worth $46,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology in the second quarter valued at approximately $32,000. Amalgamated Bank raised its holdings in shares of 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 buying an additional 237 shares during the period. nVerses Capital LLC acquired a new position in PAR Technology during the 3rd quarter worth about $125,000. RiverPark Advisors LLC purchased a new position in PAR Technology during the 2nd quarter valued at about $191,000. Finally, Principal Financial Group Inc. acquired a new position in PAR Technology in the 2nd quarter valued at about $211,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stephens lifted their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Tuesday, November 26th. 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. Lake Street Capital boosted their target price on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Benchmark upped their price target on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.25.

PAR Technology Stock Up 0.8 %

NYSE:PAR traded up $0.62 during midday trading on Friday, hitting $76.12. 1,298,633 shares of the company were exchanged, compared to its average volume of 366,781. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a market capitalization of $2.76 billion, a PE ratio of -304.47 and a beta of 2.20. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $70.24 and a 200 day simple moving average of $57.37.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to analysts' expectations of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. As a group, equities analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal 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.