LPL Financial LLC Has $889,000 Holdings in PAR Technology Co. (NYSE:PAR)

LPL Financial LLC boosted its holdings in shares of PAR Technology Co. (NYSE:PAR) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,003 shares of the software maker’s stock after buying an additional 2,364 shares during the quarter. LPL Financial LLC owned approximately 0.10% of PAR Technology worth $889,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of PAR Technology by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 35,339 shares of the software maker’s stock valued at $1,426,000 after purchasing an additional 3,556 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of PAR Technology by 4.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,190 shares of the software maker’s stock valued at $1,218,000 after purchasing an additional 1,190 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of PAR Technology by 58.5% in the first quarter. MetLife Investment Management LLC now owns 13,416 shares of the software maker’s stock valued at $541,000 after purchasing an additional 4,951 shares during the last quarter. Rhumbline Advisers grew its position in shares of PAR Technology by 7.6% in the first quarter. Rhumbline Advisers now owns 25,784 shares of the software maker’s stock valued at $1,040,000 after purchasing an additional 1,828 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of PAR Technology by 6.2% in the first quarter. Vanguard Group Inc. now owns 1,474,270 shares of the software maker’s stock valued at $59,471,000 after purchasing an additional 85,559 shares during the last quarter.

PAR Technology Trading Up 5.2 %

NYSE PAR opened at $37.71 on Monday. The company has a quick ratio of 1.89, a current ratio of 2.16 and a debt-to-equity ratio of 1.13. PAR Technology Co. has a twelve month low of $21.26 and a twelve month high of $46.63. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -15.98 and a beta of 1.80. The business’s fifty day moving average is $36.68 and its 200 day moving average is $36.12.

Analyst Upgrades and Downgrades

PAR has been the topic of several research reports. Stephens initiated coverage on PAR Technology in a research report on Tuesday, October 17th. They issued an “equal weight” rating and a $43.00 target price on the stock. Craig Hallum boosted their price target on PAR Technology from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, August 21st. Jefferies Financial Group boosted their price target on PAR Technology from $35.00 to $45.00 in a research note on Thursday, October 5th. The Goldman Sachs Group boosted their price target on PAR Technology from $35.00 to $43.00 in a research note on Thursday, October 5th. Finally, Needham & Company LLC upped their target price on PAR Technology from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology presently has a consensus rating of “Hold” and a consensus target price of $45.50.

PAR Technology 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.