Commonwealth Equity Services LLC Purchases 1,355 Shares of PAR Technology Co. (NYSE:PAR)

Commonwealth Equity Services LLC grew its position in shares of PAR Technology Co. (NYSE:PAR) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,750 shares of the software maker’s stock after acquiring an additional 1,355 shares during the period. Commonwealth Equity Services LLC’s holdings in PAR Technology were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PAR. Vanguard Group Inc. raised its position in PAR Technology by 9.0% during the 4th quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after purchasing an additional 173,575 shares during the last quarter. Castleark Management LLC lifted its stake in PAR Technology by 59.7% in the first quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock worth $3,600,000 after acquiring an additional 29,680 shares during the period. Hodges Capital Management Inc. bought a new stake in PAR Technology in the first quarter valued at $4,354,000. Wasatch Advisors LP purchased a new position in PAR Technology during the 1st quarter valued at $10,194,000. Finally, Capital Research Global Investors raised its holdings in PAR Technology by 43.4% in the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 shares in the last quarter.

Analyst Ratings Changes

PAR has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on shares of PAR Technology from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $60.00 in a report on Monday, August 12th. The Goldman Sachs Group raised their target price on PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. StockNews.com raised PAR Technology to a “sell” rating in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

PAR Technology Trading Down 2.0 %

Shares of NYSE PAR opened at $56.00 on Friday. PAR Technology Co. has a fifty-two week low of $28.21 and a fifty-two week high of $58.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -21.79 and a beta of 2.17. The business’s 50 day moving average price is $52.74 and its 200-day moving average price is $47.17.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company had revenue of $78.20 million during the quarter, compared to the consensus estimate of $115.14 million. During the same quarter in the prior year, the company earned ($0.65) earnings per share. PAR Technology’s revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts expect that PAR Technology Co. will post -1.67 earnings per share for the current 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.