SG Americas Securities LLC Boosts Stock Position in PAR Technology Co. (NYSE:PAR)

SG Americas Securities LLC lifted its holdings in shares of PAR Technology Co. (NYSE:PAR) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,865 shares of the software maker’s stock after buying an additional 2,195 shares during the period. SG Americas Securities LLC’s holdings in PAR Technology were worth $462,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PAR. Arcadia Investment Management Corp MI purchased a new position in shares of PAR Technology during the 2nd quarter worth approximately $32,000. Amalgamated Bank raised its stake in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of PAR Technology during the 1st quarter worth approximately $76,000. Central Pacific Bank Trust Division purchased a new position in shares of PAR Technology during the 1st quarter worth approximately $78,000. Finally, LRI Investments LLC purchased a new position in shares of PAR Technology during the 1st quarter worth approximately $99,000.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $59.59 on Thursday. The business’s fifty day moving average price is $54.06 and its two-hundred day moving average price is $48.69. The stock has a market cap of $2.03 billion, a PE ratio of -23.19 and a beta of 2.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. PAR Technology Co. has a one year low of $28.21 and a one year high of $59.68.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PAR shares. StockNews.com raised PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a research note on Friday, August 9th. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $60.00 in a research note on Monday, August 12th. Needham & Company LLC raised their price objective on PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group raised their price objective on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.