Charles Schwab Investment Management Inc. Boosts Position in PAR Technology Co. (NYSE:PAR)

Charles Schwab Investment Management Inc. raised its position in PAR Technology Co. (NYSE:PAR) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 298,067 shares of the software maker’s stock after purchasing an additional 20,811 shares during the period. Charles Schwab Investment Management Inc. owned about 0.82% of PAR Technology worth $15,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Progeny 3 Inc. grew 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 last quarter. Royce & Associates LP lifted its holdings in shares of PAR Technology by 2.6% in the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock valued at $61,677,000 after purchasing an additional 30,000 shares in the last quarter. Reinhart Partners LLC. grew its position 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 purchasing an additional 57,049 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PAR Technology by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 589,839 shares of the software maker’s stock worth $27,775,000 after purchasing an additional 9,972 shares in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in shares of PAR Technology during the 3rd quarter worth approximately $14,398,000.

PAR Technology Stock Up 1.3 %

Shares of PAR Technology stock opened at $78.70 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -314.80 and a beta of 2.20. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. 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 simple moving average is $65.96 and its 200-day simple moving average is $55.60.

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

Analyst Upgrades and Downgrades

PAR has been the topic of a number of analyst reports. Benchmark increased their target price on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Tuesday, November 26th. Lake Street Capital boosted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group raised their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $60.00 in a 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. Based on data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

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.