6,068 Shares in PAR Technology Co. (NYSE:PAR) Purchased by Creative Planning

Creative Planning acquired a new stake in PAR Technology Co. (NYSE:PAR) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,068 shares of the software maker’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in PAR Technology by 6.1% in the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after acquiring an additional 454 shares during the period. Reinhart Partners LLC. raised its stake in PAR Technology by 6.4% in the 3rd quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock valued at $49,308,000 after acquiring an additional 57,049 shares during the period. SG Americas Securities LLC raised its stake in PAR Technology by 32.9% in the 3rd quarter. SG Americas Securities LLC now owns 8,865 shares of the software maker’s stock valued at $462,000 after acquiring an additional 2,195 shares during the period. Progeny 3 Inc. raised its stake in PAR Technology by 10.9% in the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after acquiring an additional 129,810 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new stake in PAR Technology in the 2nd quarter valued at about $3,881,000.

PAR Technology Stock Up 11.5 %

Shares of PAR opened at $74.15 on Friday. The firm has a market cap of $2.69 billion, a P/E ratio of -296.60 and a beta of 2.14. The stock has a 50 day simple moving average of $57.04 and a two-hundred day simple moving average of $50.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. PAR Technology Co. has a 1 year low of $31.57 and a 1 year high of $74.64.

PAR Technology (NYSE:PAR) last released its quarterly earnings data 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). The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company posted ($0.65) EPS. On average, analysts forecast that PAR Technology Co. will post -1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAR shares. Stephens upped 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, October 18th. Benchmark reiterated a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. The Goldman Sachs Group upped 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. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Finally, Needham & Company LLC upped 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.17.

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.