Charles Schwab Investment Management Inc. Lowers Holdings in PAR Technology Co. (NYSE:PAR)

Charles Schwab Investment Management Inc. decreased its stake in shares of PAR Technology Co. (NYSE:PAR) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 294,035 shares of the software maker’s stock after selling 4,032 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PAR Technology were worth $21,368,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bamco Inc. NY raised its stake in shares of PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after purchasing an additional 154,921 shares during the last quarter. State Street Corp raised its stake in shares of PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock worth $46,108,000 after purchasing an additional 10,582 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after purchasing an additional 81,551 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of PAR Technology by 47.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock worth $29,547,000 after purchasing an additional 130,121 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in shares of PAR Technology by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker’s stock worth $13,588,000 after purchasing an additional 3,303 shares during the last quarter.

PAR Technology Stock Performance

NYSE:PAR opened at $61.39 on Thursday. The stock has a 50-day simple moving average of $67.56 and a two-hundred day simple moving average of $66.32. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The firm has a market capitalization of $2.47 billion, a PE ratio of -245.53 and a beta of 2.20.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same period in the prior year, the firm posted ($0.33) EPS. The business’s revenue for the quarter was up 50.2% on a year-over-year basis. Analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on PAR shares. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group upped their price objective on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.86.

PAR Technology 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.