PAR Technology Co. (NYSE:PAR) Holdings Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PAR Technology Co. (NYSE:PAR) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,894 shares of the software maker’s stock after purchasing an additional 5,225 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PAR Technology were worth $3,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 valued at $236,000 after acquiring an additional 219 shares during the period. Amalgamated Bank grew its position in 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 purchasing an additional 237 shares in the last quarter. Inspire Investing LLC raised its stake in PAR Technology by 6.1% during the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after purchasing an additional 454 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the second quarter valued at $32,000. Finally, RiverPark Advisors LLC boosted its position in shares of PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on PAR shares. The Goldman Sachs Group raised their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Benchmark increased their target price on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Lake Street Capital boosted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PAR Technology has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Stock Performance

PAR stock opened at $75.63 on Friday. The firm has a market cap of $2.75 billion, a PE ratio of -302.51 and a beta of 2.20. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $68.52 and its two-hundred day moving average price is $56.54. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period last year, the company earned ($0.35) earnings per share. PAR Technology’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

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.