Marshall Wace LLP Sells 5,908 Shares of PAR Technology Co. (NYSE:PAR)

Marshall Wace LLP cut its position in PAR Technology Co. (NYSE:PARFree Report) by 33.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,742 shares of the software maker’s stock after selling 5,908 shares during the quarter. Marshall Wace LLP’s holdings in PAR Technology were worth $553,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the second quarter valued at about $32,000. Amalgamated Bank boosted 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 purchasing an additional 237 shares during the period. NBC Securities Inc. acquired a new stake in PAR Technology in the 1st quarter valued at approximately $76,000. Central Pacific Bank Trust Division bought a new position in PAR Technology in the 1st quarter worth approximately $78,000. Finally, LRI Investments LLC acquired a new position in shares of PAR Technology during the first quarter worth approximately $99,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. Finally, Stephens raised PAR Technology from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $46.00 to $60.00 in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.17.

View Our Latest Analysis on PAR

PAR Technology Trading Down 1.1 %

PAR stock opened at $56.05 on Thursday. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.91 billion, a P/E ratio of -21.81 and a beta of 2.16. PAR Technology Co. has a 1-year low of $28.21 and a 1-year high of $58.57. The business’s 50 day moving average is $52.96 and its 200-day moving average is $48.24.

PAR Technology (NYSE:PARGet Free Report) last released 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). The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.65) earnings per share. Equities analysts anticipate that PAR Technology Co. will post -1.67 earnings per share for the current fiscal year.

About PAR Technology

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PAR Technology (NYSE:PAR)

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