Inspire Investing LLC Sells 490 Shares of PAR Technology Co. (NYSE:PAR)

Inspire Investing LLC trimmed its holdings in PAR Technology Co. (NYSE:PAR) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,481 shares of the software maker’s stock after selling 490 shares during the quarter. Inspire Investing LLC’s holdings in PAR Technology were worth $352,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of PAR Technology by 43.4% during the first 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 during the last quarter. Progeny 3 Inc. lifted its holdings in PAR Technology by 47.1% during the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after buying an additional 381,232 shares in the last quarter. Wasatch Advisors LP bought a new stake in PAR Technology during the 1st quarter valued at about $10,194,000. Vanguard Group Inc. boosted its position in PAR Technology by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after buying an additional 173,575 shares during the period. Finally, Intrinsic Edge Capital Management LLC grew its stake in PAR Technology by 94.1% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 315,607 shares of the software maker’s stock worth $13,742,000 after acquiring an additional 152,972 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PAR shares. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Stephens raised PAR Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. Needham & Company LLC lifted their price objective on PAR Technology from $57.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and set a $69.00 target price on shares of PAR Technology in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

PAR Technology Price Performance

PAR opened at $56.04 on Monday. The firm has a market capitalization of $1.90 billion, a PE ratio of -21.81 and a beta of 2.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The business’s 50-day moving average is $52.74 and its two-hundred day moving average is $47.24. PAR Technology Co. has a 1 year low of $28.21 and a 1 year high of $58.57.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (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 firm had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same period in the previous year, the firm earned ($0.65) EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Research analysts anticipate that PAR Technology Co. will post -1.67 earnings per share 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.