TimesSquare Capital Management LLC Purchases New Holdings in PAR Technology Co. (NYSE:PAR)

TimesSquare Capital Management LLC bought a new position in PAR Technology Co. (NYSE:PAR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 276,464 shares of the software maker's stock, valued at approximately $14,398,000. TimesSquare Capital Management LLC owned 0.76% of PAR Technology at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Castleark Management LLC boosted its stake in shares of PAR Technology by 59.7% during the 1st quarter. Castleark Management LLC now owns 79,360 shares of the software maker's stock worth $3,600,000 after acquiring an additional 29,680 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of PAR Technology in the second quarter worth approximately $3,881,000. Capital Research Global Investors raised its holdings in shares of PAR Technology by 43.4% during the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker's stock valued at $155,670,000 after acquiring an additional 1,068,641 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of PAR Technology by 219.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker's stock valued at $1,939,000 after acquiring an additional 28,273 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC boosted its stake in PAR Technology by 33.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker's stock worth $2,825,000 after purchasing an additional 15,000 shares during the period.

PAR Technology Price Performance

Shares of PAR stock traded up $0.91 during trading hours on Monday, hitting $75.15. The company had a trading volume of 2,327,876 shares, compared to its average volume of 352,705. The firm's fifty day moving average is $57.04 and its 200 day moving average is $51.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -300.63 and a beta of 2.14. PAR Technology Co. has a 12 month low of $33.13 and a 12 month high of $75.38.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.35) EPS. On average, sell-side analysts predict that PAR Technology Co. will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PAR shares. Jefferies Financial Group upgraded PAR Technology from a "hold" rating to a "buy" rating and increased their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. Lake Street Capital lifted their price target on PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a report on Monday. 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. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $73.00.

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.