Rhumbline Advisers Raises Stock Holdings in PAR Technology Co. (NYSE:PAR)

Rhumbline Advisers grew its holdings in shares of PAR Technology Co. (NYSE:PAR) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,990 shares of the software maker’s stock after purchasing an additional 782 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of PAR Technology worth $3,705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAR. KBC Group NV boosted its stake in PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after purchasing an additional 400 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in PAR Technology in the fourth quarter worth $286,000. Victory Capital Management Inc. grew its position in shares of PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares in the last quarter. RiverPark Advisors LLC grew its position in shares of PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock worth $361,000 after buying an additional 343 shares in the last quarter.

PAR Technology Stock Performance

Shares of NYSE:PAR opened at $68.88 on Friday. The business’s 50 day moving average price is $70.50 and its 200-day moving average price is $65.35. The firm has a market capitalization of $2.67 billion, a PE ratio of -275.50 and a beta of 2.22. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. 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, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million during the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter in the prior year, the firm posted ($0.33) EPS. PAR Technology’s quarterly revenue was up 50.2% compared to the same quarter last year. As a group, equities research analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com raised PAR Technology to a “sell” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital raised their price target on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark reissued a “buy” rating on shares of PAR Technology in a report on Friday. Finally, Stephens reissued an “overweight” rating on shares of PAR Technology in a report on Friday. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

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.