Steward Partners Investment Advisory LLC Boosts Stake in PAR Technology Co. (NYSE:PAR)

Steward Partners Investment Advisory LLC grew its stake in PAR Technology Co. (NYSE:PAR) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,940 shares of the software maker’s stock after buying an additional 1,109 shares during the period. Steward Partners Investment Advisory LLC’s holdings in PAR Technology were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAR. US Bancorp DE raised its holdings in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after buying an additional 341 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of PAR Technology in the fourth quarter worth $113,000. KBC Group NV raised its holdings in shares of PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of PAR Technology during the fourth quarter worth $205,000. Finally, Pring Turner Capital Group Inc. purchased a new position in shares of PAR Technology during the fourth quarter worth $231,000.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group raised their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Stephens reissued an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Finally, Citigroup restated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Stock Down 2.7 %

Shares of NYSE PAR opened at $62.50 on Tuesday. The company’s 50-day simple moving average is $69.11 and its 200-day simple moving average is $66.09. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -250.00 and a beta of 2.20. 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 (NYSE:PAR) last announced its earnings results 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 company had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. During the same quarter last year, the business earned ($0.33) EPS. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. Equities analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

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.