Barclays PLC Purchases 51,578 Shares of PAR Technology Co. (NYSE:PAR)

Barclays PLC boosted its holdings in shares of PAR Technology Co. (NYSE:PAR) by 431.3% during the 3rd quarter, Holdings Channel reports. The fund owned 63,536 shares of the software maker’s stock after buying an additional 51,578 shares during the period. Barclays PLC’s holdings in PAR Technology were worth $3,310,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in PAR Technology in the second quarter valued at about $32,000. Amalgamated Bank increased its position in shares of PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares during the period. nVerses Capital LLC purchased a new position in shares of PAR Technology in the third quarter worth about $125,000. Principal Financial Group Inc. purchased a new position in PAR Technology during the 2nd quarter worth approximately $211,000. Finally, Victory Capital Management Inc. raised its holdings in shares of PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares during the last quarter.

Wall Street Analyst Weigh In

PAR has been the subject of several recent research reports. Benchmark lifted their price target on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Tuesday, November 26th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Stephens lifted their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Trading Down 3.1 %

PAR opened at $73.73 on Tuesday. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -294.91 and a beta of 2.19. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The business has a fifty day moving average price of $70.97 and a 200 day moving average price of $58.01.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. The company’s revenue was down 9.6% compared to the same quarter last year. Sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.