US Bancorp DE Has $84,000 Stock Position in PAR Technology Co. (NYSE:PAR)

US Bancorp DE boosted its position in PAR Technology Co. (NYSE:PAR) by 387.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,464 shares of the software maker’s stock after purchasing an additional 1,959 shares during the period. US Bancorp DE’s holdings in PAR Technology were worth $84,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PAR. MFN Partners Management LP lifted its stake in PAR Technology by 991.4% in the 1st quarter. MFN Partners Management LP now owns 1,091,404 shares of the software maker’s stock valued at $44,027,000 after purchasing an additional 991,404 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in PAR Technology in the 1st quarter valued at about $10,649,000. The Manufacturers Life Insurance Company raised its holdings in PAR Technology by 28.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,438 shares of the software maker’s stock valued at $41,205,000 after acquiring an additional 228,880 shares during the period. Norwood Investment Partners LP raised its holdings in PAR Technology by 290.2% in the 4th quarter. Norwood Investment Partners LP now owns 230,724 shares of the software maker’s stock valued at $6,015,000 after acquiring an additional 171,587 shares during the period. Finally, Greenstone Partners & Co. LLC raised its holdings in PAR Technology by 43.8% in the 4th quarter. Greenstone Partners & Co. LLC now owns 462,217 shares of the software maker’s stock valued at $12,050,000 after acquiring an additional 140,860 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PAR shares. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of PAR Technology in a report on Thursday, August 10th. Craig Hallum lifted their price target on shares of PAR Technology from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, August 21st. StockNews.com initiated coverage on shares of PAR Technology in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Finally, Lake Street Capital initiated coverage on shares of PAR Technology in a research report on Wednesday, July 26th. They issued a “buy” rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.40.

PAR Technology Stock Up 4.0 %

Shares of PAR opened at $45.20 on Friday. PAR Technology Co. has a one year low of $20.37 and a one year high of $45.69. The company has a market cap of $1.24 billion, a P/E ratio of -17.45 and a beta of 1.88. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.31 and a quick ratio of 1.99. The firm has a 50 day simple moving average of $35.88 and a two-hundred day simple moving average of $34.50.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.22). PAR Technology had a negative net margin of 17.99% and a negative return on equity of 16.18%. The firm had revenue of $100.54 million for the quarter, compared to analyst estimates of $101.16 million. Research analysts forecast that PAR Technology Co. will post -2.05 EPS for the current fiscal year.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers Punchh, an enterprise-grade customer loyalty and engagement solution; MENU, an omnichannel digital ordering solution; Brink POS, an open cloud, point-of-sale solution; Menu, a digital ordering solution; PAR Payment Services, a transaction-based payment processing service; and Data Central, a cloud software solution for back-office applications.