Swiss National Bank Purchases 5,000 Shares of PAR Technology Co. (NYSE:PAR)

Swiss National Bank raised its position in PAR Technology Co. (NYSE:PAR - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,300 shares of the software maker's stock after buying an additional 5,000 shares during the period. Swiss National Bank owned approximately 0.18% of PAR Technology worth $5,181,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted 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 during the last quarter. Geode Capital Management LLC lifted its holdings in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after buying an additional 81,551 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of PAR Technology in the 4th quarter worth approximately $1,796,000. Moody National Bank Trust Division increased its holdings in shares of PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after acquiring an additional 13,200 shares during the last quarter. Finally, Barclays PLC raised its position in shares of PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after acquiring an additional 51,578 shares in the last quarter.

Remove Ads

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PAR shares. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. StockNews.com raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reiterated an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PAR Technology currently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology Price Performance

PAR stock traded down $0.42 during trading on Tuesday, hitting $63.61. The company had a trading volume of 294,574 shares, compared to its average volume of 410,703. The company has a fifty day moving average price of $67.23 and a two-hundred day moving average price of $66.62. 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 cap of $2.56 billion, a P/E ratio of -254.43 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.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results 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). The firm had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm's revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. Equities research analysts expect 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.