Swiss National Bank Increases Stock Position in PAR Technology Co. (NYSE:PAR)

Swiss National Bank boosted its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,300 shares of the software maker's stock after acquiring an additional 5,000 shares during the period. Swiss National Bank owned about 0.18% of PAR Technology worth $5,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Victory Capital Management Inc. boosted its position in PAR Technology by 5.1% during the third 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 in the last quarter. US Bancorp DE boosted its holdings in shares of PAR Technology by 104.3% in the 4th 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. Stratos Wealth Partners LTD. grew its position in shares of PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after buying an additional 343 shares during the last quarter. KBC Group NV lifted its position in PAR Technology by 30.4% during the fourth 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 during the last quarter. Finally, Arizona State Retirement System lifted its position in PAR Technology by 7.6% during the fourth quarter. Arizona State Retirement System now owns 10,529 shares of the software maker's stock valued at $765,000 after acquiring an additional 741 shares during the last quarter.

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PAR Technology Stock Performance

Shares of PAR stock traded down $1.18 during trading hours on Friday, hitting $61.42. The company's stock had a trading volume of 251,789 shares, compared to its average volume of 416,966. 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 50 day moving average of $66.55 and a 200 day moving average of $66.63. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24. The stock has a market cap of $2.47 billion, a PE ratio of -245.65 and a beta of 2.20.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly 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 company had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) earnings per share. On average, sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PAR has been the topic of a number of recent analyst reports. StockNews.com raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology 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.