Oppenheimer Asset Management Inc. Invests $308,000 in PAR Technology Co. (NYSE:PAR)

Oppenheimer Asset Management Inc. bought a new position in shares of PAR Technology Co. (NYSE:PAR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,908 shares of the software maker’s stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Castleark Management LLC grew its stake in shares of PAR Technology by 59.7% in the first quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock valued at $3,600,000 after buying an additional 29,680 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in PAR Technology during the 2nd quarter valued at $3,881,000. Capital Research Global Investors increased its stake in PAR Technology by 43.4% during the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after buying an additional 1,068,641 shares during the period. Harbor Capital Advisors Inc. boosted its position in PAR Technology by 219.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock valued at $1,939,000 after buying an additional 28,273 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC grew its stake in shares of PAR Technology by 33.3% during the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock valued at $2,825,000 after acquiring an additional 15,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PAR shares. Needham & Company LLC boosted their price target on PAR Technology from $66.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $59.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Finally, Stephens lifted their price objective on shares of PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and an average target price of $77.38.

PAR Technology Trading Up 1.5 %

Shares of NYSE PAR opened at $76.06 on Thursday. The business has a fifty day simple moving average of $59.97 and a 200-day simple moving average of $52.54. 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 $36.16 and a 12 month high of $76.37. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -304.24 and a beta of 2.14.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating 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 firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. Sell-side analysts predict that PAR Technology Co. will post -1.67 EPS for the current year.

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.