PAR Technology Co. (NYSE:PAR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in PAR Technology Co. (NYSE:PAR) by 7.5% in the third quarter, HoldingsChannel reports. The fund owned 298,067 shares of the software maker’s stock after purchasing an additional 20,811 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PAR Technology were worth $15,523,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PAR. Arcadia Investment Management Corp MI bought a new stake in PAR Technology during the second quarter worth approximately $32,000. Amalgamated Bank increased its position 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 valued at $55,000 after purchasing an additional 237 shares during the period. nVerses Capital LLC bought a new stake in shares of PAR Technology in the 3rd quarter worth $125,000. RiverPark Advisors LLC acquired a new stake in shares of PAR Technology in the second quarter valued at $191,000. Finally, Principal Financial Group Inc. bought a new position in PAR Technology during the second quarter valued at about $211,000.

PAR Technology Price Performance

PAR opened at $78.70 on Friday. The firm has a market capitalization of $2.86 billion, a P/E ratio of -314.80 and a beta of 2.20. The stock has a fifty day moving average of $65.96 and a 200-day moving average of $55.60. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the business earned ($0.35) EPS. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAR. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Stephens increased their price objective on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.25.

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.