Charles Schwab Investment Management Inc. Grows Position in PAR Technology Co.
increased its holdings in shares of PAR Technology Co. (NYSE:PAR – Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F form filed with the SEC. The company owned 215,699 shares of the software maker’s stock after purchasing an additional 5,143 shares during the quarter. owned approximately 0.77% of PAR Technology worth $9,392,000 at the end of the most recent quarter.
Several other institutional investors have also recently changed their positions in PAR. Swiss National Bank increased its stake in PAR Technology by 1.3% in the third quarter. Swiss National Bank now owns 60,300 shares of the software maker’s stock worth $2,324,000 after purchasing an additional 800 shares during the period. Atria Wealth Solutions Inc. increased its stake in PAR Technology by 4.2% in the third quarter. Atria Wealth Solutions Inc. now owns 76,419 shares of the software maker’s stock worth $2,945,000 after purchasing an additional 3,103 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in PAR Technology in the third quarter worth US$264,000. Deutsche Bank AG increased its stake in PAR Technology by 15.1% in the third quarter. Deutsche Bank AG now owns 13,129 shares of the software maker’s stock worth $506,000 after purchasing an additional 1,723 shares during the period. Finally, Rhumbline Advisers increased its stake in PAR Technology by 5.6% in the third quarter. Rhumbline Advisers now owns 45,297 shares of the software maker’s stock worth $1,746,000 after purchasing an additional 2,419 shares during the period.
Insiders place their bets
In other PAR Technology news, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of US$42.04, for a total value of US$189,180.00. Following the transaction, the director now directly owns 14,365 shares of the company’s stock, valued at $603,904.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. In other news, CFO Bryan A. Menar sold 803 shares of PAR Technology stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the transaction, the CFO now directly owns 54,601 shares of the company’s stock, valued at approximately $2,390,977.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Additionally, Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of US$42.04, for a total value of US$189,180.00. After the transaction, the director directly owned 14,365 shares of the company, valued at US$603,904.60. Disclosure of this sale can be found here. Insiders own 3.60% of the company’s shares.
PAR Technology Price Performance
NYSE PAR opened at $44.63 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -17.37 and a beta of 2.00. The company has a debt ratio of 0.72, a quick ratio of 1.81 and a current ratio of 2.07. The stock has a 50-day moving average of $44.09 and a 200-day moving average of $43.22. has a one-year minimum of $28.21 and a one-year maximum of $50.00.
PAR Technology (NYSE:PAR – Get Free Report) last announced its earnings results on Thursday, May 9th. The software maker reported earnings per share (EPS) of ($0.51) for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The company had revenue of $105.50 million during the quarter, compared to analyst expectations of $111.00 million. PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. On average, sell-side analysts predict that PAR Technology Co. will post -1.2 EPS for the current year.
Analysts set new price targets
PAR has been the subject of several analyst reports. StockNews.com upgraded PAR Technology to a “sell” rating in a report on Thursday, March 7th. Benchmark upgraded PAR Technology from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, May 22nd. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Tuesday, March 12th. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, March 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of PAR Technology in a report on Friday, May 10. One analyst has rated the stock with a sell rating, another has assigned a hold rating and six have assigned a buy rating to the company’s shares. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.
See our latest analysis on PAR technology
About PAR technology
(Free Report)
PAR Technology Corporation, together with its subsidiaries, provides cloud-based omnichannel hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer engagement and loyalty solution; MENU, an e-commerce platform for restaurant brands; BRINK POS, an open cloud point of sale solution; PAR PAYMENT SERVICES, a merchant services company that enables electronic payments and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.
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