Magnolia Capital Advisors LLC Buys New Shares in PAR Technology Co. (NYSE:PAR)

Magnolia Capital Advisors LLC purchased a new position in shares of PAR Technology Co. (NYSE:PAR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 82,408 shares of the software maker’s stock, valued at approximately $3,881,000. Magnolia Capital Advisors LLC owned 0.24% of PAR Technology as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology during the second quarter worth about $32,000. Amalgamated Bank lifted its stake in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares during the period. NBC Securities Inc. purchased a new stake in shares of PAR Technology in the 1st quarter valued at $76,000. Central Pacific Bank Trust Division acquired a new stake in shares of PAR Technology in the first quarter worth $78,000. Finally, LRI Investments LLC purchased a new position in shares of PAR Technology during the first quarter worth $99,000.

PAR Technology Stock Down 1.9 %

PAR Technology stock opened at $52.75 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The stock has a market capitalization of $1.91 billion, a PE ratio of -20.53 and a beta of 2.17. The business has a 50 day simple moving average of $52.97 and a 200-day simple moving average of $47.59. PAR Technology Co. has a 12 month low of $28.21 and a 12 month high of $58.57.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. During the same period in the previous year, the business earned ($0.65) earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts anticipate that PAR Technology Co. will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on PAR. StockNews.com raised PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. Needham & Company LLC raised their target price on PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. The Goldman Sachs Group lifted their price target on PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Stephens upgraded PAR Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $69.00 target price on shares of PAR Technology in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

PAR Technology 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.