nVerses Capital LLC Makes New Investment in PAR Technology Co. (NYSE:PAR)

nVerses Capital LLC acquired a new stake in PAR Technology Co. (NYSE:PAR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,400 shares of the software maker’s stock, valued at approximately $125,000.

Several other institutional investors have also modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock valued at $155,670,000 after buying an additional 1,068,641 shares during the period. Vanguard Group Inc. lifted its holdings in shares of PAR Technology by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after buying an additional 50,793 shares during the period. Progeny 3 Inc. lifted its holdings in shares of PAR Technology by 10.9% in the second quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after buying an additional 129,810 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock valued at $49,308,000 after buying an additional 57,049 shares during the period. Finally, Bamco Inc. NY lifted its holdings in shares of PAR Technology by 1.0% in the first quarter. Bamco Inc. NY now owns 901,872 shares of the software maker’s stock valued at $40,909,000 after buying an additional 8,789 shares during the period.

PAR Technology Stock Down 0.1 %

PAR opened at $60.91 on Monday. PAR Technology Co. has a fifty-two week low of $28.21 and a fifty-two week high of $62.29. The business has a 50-day moving average of $54.50 and a 200-day moving average of $48.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The company has a market capitalization of $2.07 billion, a PE ratio of -23.70 and a beta of 2.16.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating and set a $69.00 target price on shares of PAR Technology in a report on Friday, August 9th. The Goldman Sachs Group increased their price target on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Needham & Company LLC increased their price target on PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Stephens increased their price target on PAR Technology from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.17.

About PAR Technology

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.