New York State Common Retirement Fund Buys 5,542 Shares of PAR Technology Co. (NYSE:PAR)

New York State Common Retirement Fund raised its stake in PAR Technology Co. (NYSE:PAR) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,984 shares of the software maker’s stock after buying an additional 5,542 shares during the period. New York State Common Retirement Fund owned about 0.11% of PAR Technology worth $3,196,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PAR. TimesSquare Capital Management LLC bought a new position in shares of PAR Technology in the 3rd quarter worth $14,398,000. Bamco Inc. NY increased its holdings in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after buying an additional 154,921 shares during the last quarter. Fred Alger Management LLC bought a new position in shares of PAR Technology in the 3rd quarter worth $6,600,000. Geode Capital Management LLC increased its holdings in shares of PAR Technology by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after buying an additional 81,551 shares during the last quarter. Finally, Castleark Management LLC increased its holdings in shares of PAR Technology by 196.0% in the 3rd quarter. Castleark Management LLC now owns 116,370 shares of the software maker’s stock worth $6,061,000 after buying an additional 77,050 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stephens reissued an “overweight” rating on shares of PAR Technology in a report on Friday. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, January 23rd. Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday. Lake Street Capital increased their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group increased their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Trading Up 13.5 %

Shares of PAR opened at $68.88 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of -275.50 and a beta of 2.22. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $70.50 and a two-hundred day simple moving average of $65.35. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24.

PAR Technology (NYSE:PAR) last announced 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 analysts’ expectations 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 quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS. On average, research analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current 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.