Vanguard Group increased its stake in shares of PAR Technology, Inc. (NYSE:PAR – Free Report) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 1,935,015 shares of the software maker’s stock after purchasing an additional 19,430 shares during the quarter. Vanguard Group Inc. owned approximately 0.07% of PAR Technology, valued at $74,575,000, at the end of the most recent reporting period.
Many other large investors have also increased or decreased their stakes in the stock. Price T Rowe Associates Inc. MD grew his position in PAR Technology by 1.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,139,470 shares of the software maker’s stock worth $117,699,000 after purchasing an additional 42,695 shares in the last quarter. MFN Partners Management LP increased his holdings in shares of PAR Technology by 991.4% in the 1st quarter. MFN Partners Management LP now owns 1,091,404 shares of the software maker’s stock valued at $44,027,000 after purchasing an additional 991,404 shares in the last quarter. Bamco Inc. NY increased his holdings in shares of PAR Technology by 3.1% in the 4th quarter. Bamco Inc. NY now owns 1,061,700 shares of the software maker’s stock valued at $27,679,000 after purchasing an additional 32,103 shares in the last quarter. Manufacturers Life Insurance Company increased its holdings in shares of PAR Technology by 28.9% in the 1st quarter. Manufacturers Life Insurance Company now owns 1,021,438 shares of the software maker’s stock valued at $41,205,000 after purchasing an additional 228,880 shares in the last quarter. Finally, Newtyn Management LLC increased its holdings in shares of PAR Technology by 9.2% in the 3rd quarter. Newtyn Management LLC now owns 982,527 shares of the software maker’s stock valued at $37,867,000 after purchasing an additional 82,527 shares in the last quarter.
Insider buying and selling
In related news, Director Douglas Gregory Rausch sold 4,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total transaction of $189,180.00. Following the completion of the transaction, the director will now directly own 14,365 shares of the company’s stock, valued at approximately $603,904.60. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC’s website. 3.67% of the stock is owned by company insiders.
PAR Technology trading fell 0.2%
NYSE PAR opened at $43.43 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.25, and a debt-to-equity ratio of 1.13. PAR Technology stock has hit a 12-month low of $24.76 and a 12-month high of $49.84. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -17.17 and a beta of 1.98. His 50 day moving average for this company is $44.65 and his 200 day moving average is $40.94.
PAR Technology (NYSE:PAR – Get Free Report) last issued its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate ($0.42) by ($0.05). The company had revenue of $107.71 million for the quarter, compared to the consensus estimate of $106.12 million. PAR Technology had a negative return on equity of 16.46% and a negative net margin of 16.77%. As a group, sell-side analysts expect PAR Technology Co. to post -1.15 EPS for the current fiscal year.
Wall Street Analysts Share Their Opinions
Many equity research analysts are paying attention to PAR stock. TheStreet raised PAR Technology from a “d+” rating to a “c-” rating in his report on Thursday, February 15th. Benchmark began coverage of his PAR technology in a report on Tuesday, February 13th. They issued a “hold” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 price objective on shares of PAR Technology in a report on Thursday, March 28th. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price target for the stock in a report on Tuesday, March 12th. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in his report on Thursday, March 7th. One investment analyst has rated the stock as a “sell,” three have rated it a “hold,” and five have rated it a “buy.” According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.57.
See the latest stock price analysis for PAR.
PAR Technology Company Profile
(Free report)
PAR Technology Corporation, along with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail division offers his PUNCHH, an enterprise-grade customer loyalty and engagement solution. MENU, an e-commerce platform for restaurant brands. BRINK POS, open cloud POS solution. PAR PAYMENT SERVICES is a merchant services business that enables electronic payment and electronic processing services for businesses. DATA CENTRAL is a back-office solution powered by business intelligence and automation technology.
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