PAR Technology Co. (NYSE:PAR) Holdings Lifted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in PAR Technology Co. (NYSE:PAR) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,625 shares of the software maker’s stock after purchasing an additional 3,100 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PAR Technology were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its position in PAR Technology by 583.7% in the 3rd quarter. Invesco Ltd. now owns 174,612 shares of the software maker’s stock worth $6,730,000 after purchasing an additional 149,071 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PAR Technology by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 210,556 shares of the software maker’s stock valued at $8,115,000 after acquiring an additional 6,489 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of PAR Technology by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,935,015 shares of the software maker’s stock valued at $74,575,000 after acquiring an additional 19,430 shares in the last quarter. Newtyn Management LLC boosted its holdings in shares of PAR Technology by 9.2% in the third quarter. Newtyn Management LLC now owns 982,527 shares of the software maker’s stock valued at $37,867,000 after acquiring an additional 82,527 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of PAR Technology by 32.4% in the fourth quarter. SG Americas Securities LLC now owns 12,133 shares of the software maker’s stock valued at $528,000 after acquiring an additional 2,966 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of PAR Technology in a report on Thursday, March 28th. Benchmark assumed coverage on shares of PAR Technology in a report on Tuesday, February 13th. They issued a “hold” rating for the company. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Thursday, March 7th. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, March 12th. Finally, TheStreet raised shares of PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

Insider Activity at PAR Technology

In related news, CFO Bryan A. Menar sold 803 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $43.79, for a total value of $35,163.37. Following the transaction, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $43.79, for a total value of $35,163.37. Following the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total transaction of $189,180.00. Following the completion of the sale, the director now owns 14,365 shares in the company, valued at $603,904.60. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by company insiders.

PAR Technology Stock Performance

NYSE:PAR opened at $43.37 on Monday. PAR Technology Co. has a 1 year low of $24.76 and a 1 year high of $49.84. The firm’s fifty day simple moving average is $44.39 and its 200 day simple moving average is $41.11. The company has a current ratio of 2.25, a quick ratio of 1.96 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.47 billion, a PE ratio of -17.14 and a beta of 1.98.

PAR Technology (NYSE:PAR) last posted its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. The firm had revenue of $107.71 million during the quarter, compared to analyst estimates of $106.12 million. On average, sell-side analysts anticipate that PAR Technology Co. will post -1.15 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.