Vanguard Group Inc. Has $74.58 Million Position in PAR Technology Co. (NYSE:PAR)

Vanguard Group Inc. increased its stake in shares of PAR Technology Co. (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 owned 1,935,015 shares of the software maker’s stock after buying an additional 19,430 shares during the quarter. Vanguard Group Inc. owned about 0.07% of PAR Technology worth $74,575,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in PAR Technology by 1.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,139,470 shares of the software maker’s stock worth $117,699,000 after buying an additional 42,695 shares in the last quarter. MFN Partners Management LP boosted its 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 boosted its 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. The Manufacturers Life Insurance Company boosted its holdings in shares of PAR Technology by 28.9% in the 1st quarter. The 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 boosted 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 Rauch sold 4,500 shares of the firm’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 now directly owns 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 through the SEC website. 3.67% of the stock is owned by corporate insiders.

PAR Technology Trading Down 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 Co. has a twelve month low of $24.76 and a twelve month high of $49.84. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -17.17 and a beta of 1.98. The business’s fifty day moving average is $44.65 and its 200 day moving average is $40.94.

PAR Technology (NYSE:PAR – Get Free Report) last announced its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($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 that PAR Technology Co. will post -1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PAR shares. TheStreet raised PAR Technology from a “d+” rating to a “c-” rating in a report on Thursday, February 15th. Benchmark started coverage on 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 issued a $53.00 target price on shares of PAR Technology in a report on Thursday, March 28th. Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, March 12th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.57.

View Our Latest Stock Analysis on PAR

PAR Technology Company Profile

(Free Report)

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.

See Also

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