Charles Schwab Investment Management Inc. Decreases Holdings in PAR Technology Co. (NYSE:PAR)

Charles Schwab Investment Management Inc. trimmed its stake in shares of PAR Technology Co. (NYSE:PAR) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,035 shares of the software maker’s stock after selling 4,032 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.76% of PAR Technology worth $21,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PAR. Victory Capital Management Inc. grew its position in 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 acquiring an additional 219 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in PAR Technology during the 3rd quarter worth approximately $308,000. Intech Investment Management LLC bought a new position in PAR Technology during the 3rd quarter worth approximately $598,000. The Manufacturers Life Insurance Company grew its position in PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock worth $892,000 after acquiring an additional 974 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of PAR Technology by 40.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,924 shares of the software maker’s stock worth $933,000 after buying an additional 5,174 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAR. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

PAR Technology Trading Up 2.1 %

NYSE PAR opened at $61.39 on Thursday. 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 twelve month low of $37.74 and a twelve month high of $82.24. The firm has a market capitalization of $2.47 billion, a PE ratio of -245.53 and a beta of 2.20. The stock’s 50 day moving average is $67.56 and its 200 day moving average is $66.32.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. Research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal 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.