US Bancorp DE Increases Stock Position in PAR Technology Co. (NYSE:PAR)

US Bancorp DE raised its position in shares of PAR Technology Co. (NYSE:PAR) by 104.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 668 shares of the software maker’s stock after acquiring an additional 341 shares during the period. US Bancorp DE’s holdings in PAR Technology were worth $49,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PAR. Victory Capital Management Inc. lifted its stake in shares of PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after purchasing an additional 219 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in PAR Technology during the 3rd quarter worth $308,000. Intech Investment Management LLC acquired a new position in PAR Technology in the 3rd quarter worth $598,000. Charles Schwab Investment Management Inc. boosted its position in PAR Technology by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after buying an additional 20,811 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of PAR Technology by 6.0% during the third quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock valued at $892,000 after acquiring an additional 974 shares in the last quarter.

PAR Technology Stock Down 2.1 %

Shares of PAR Technology stock opened at $60.03 on Wednesday. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The company has a market capitalization of $2.41 billion, a P/E ratio of -240.11 and a beta of 2.20. The business’s fifty day moving average price is $67.70 and its two-hundred day moving average price is $66.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data 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 company had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) EPS. As a group, research analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PAR. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group boosted their price objective on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Stephens reaffirmed an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

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.