Raymond James Financial Inc. Makes New $2.07 Million Investment in PAR Technology Co. (NYSE:PAR)

Raymond James Financial Inc. purchased a new position in shares of PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,442 shares of the software maker’s stock, valued at approximately $2,067,000. Raymond James Financial Inc. owned about 0.07% of PAR Technology as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings 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 buying an additional 219 shares during the last quarter. US Bancorp DE raised its position in PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after acquiring an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in PAR Technology by 7.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock valued at $361,000 after acquiring an additional 343 shares during the last quarter. KBC Group NV grew its position in shares of PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after acquiring an additional 400 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of PAR Technology by 7.6% during the 4th quarter. Arizona State Retirement System now owns 10,529 shares of the software maker’s stock worth $765,000 after purchasing an additional 741 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PAR shares. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens restated an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.86.

PAR Technology Stock Performance

NYSE:PAR opened at $61.42 on Monday. The stock has a market cap of $2.47 billion, a P/E ratio of -245.65 and a beta of 2.20. 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 business’s 50-day moving average price is $66.31 and its two-hundred day moving average price is $66.88. 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 data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) earnings per share. As a group, equities analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

About PAR Technology

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.