PAR Technology Co. (NYSE:PAR) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in PAR Technology Co. (NYSE:PAR) by 13.0% in the second quarter, Holdings Channel reports. The firm owned 11,750 shares of the software maker’s stock after buying an additional 1,355 shares during the period. Commonwealth Equity Services LLC’s holdings in PAR Technology were worth $553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in PAR Technology by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,699 shares of the software maker’s stock worth $9,392,000 after acquiring an additional 5,143 shares in the last quarter. Dimensional Fund Advisors LP grew its position in PAR Technology by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 565,043 shares of the software maker’s stock worth $24,602,000 after purchasing an additional 47,405 shares during the last quarter. TD Asset Management Inc increased its stake in PAR Technology by 3.4% during the 4th quarter. TD Asset Management Inc now owns 115,324 shares of the software maker’s stock valued at $5,021,000 after purchasing an additional 3,800 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of PAR Technology in the fourth quarter worth $381,000. Finally, CenterBook Partners LP lifted its stake in shares of PAR Technology by 6.5% during the fourth quarter. CenterBook Partners LP now owns 40,950 shares of the software maker’s stock worth $1,783,000 after buying an additional 2,502 shares during the period.

PAR Technology Trading Down 2.0 %

Shares of NYSE:PAR opened at $56.00 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. PAR Technology Co. has a 12-month low of $28.21 and a 12-month high of $58.57. The business has a 50 day moving average of $52.74 and a two-hundred day moving average of $47.17. The company has a market capitalization of $1.90 billion, a PE ratio of -21.79 and a beta of 2.17.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. During the same period last year, the firm earned ($0.65) earnings per share. PAR Technology’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts forecast that PAR Technology Co. will post -1.67 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Needham & Company LLC raised their price objective on PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Stephens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $46.00 to $60.00 in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

About PAR Technology

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.