Russell Investments Group Ltd. Raises Stake in PAR Technology Co. (NYSE:PAR)

Russell Investments Group Ltd. increased its stake in shares of PAR Technology Co. (NYSE:PAR) by 10,370.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,376 shares of the software maker’s stock after buying an additional 8,296 shares during the period. Russell Investments Group Ltd.’s holdings in PAR Technology were worth $609,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PAR. Geode Capital Management LLC increased its stake in shares of PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after purchasing an additional 81,551 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in PAR Technology in the fourth quarter worth $33,011,000. TimesSquare Capital Management LLC raised its stake in shares of PAR Technology by 47.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after buying an additional 130,121 shares during the period. Peregrine Capital Management LLC lifted its position in shares of PAR Technology by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker’s stock valued at $13,588,000 after buying an additional 3,303 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of PAR Technology by 74.9% during the 4th quarter. Blair William & Co. IL now owns 128,937 shares of the software maker’s stock worth $9,370,000 after acquiring an additional 55,204 shares during the period.

PAR Technology Trading Up 1.8 %

Shares of PAR stock opened at $55.82 on Wednesday. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The business’s fifty day moving average is $60.45 and its 200 day moving average is $66.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The company has a market capitalization of $2.24 billion, a PE ratio of -223.28 and a beta of 1.95.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The business had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s revenue was up 50.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.33) EPS. On average, equities research analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

PAR has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Stephens restated an “overweight” rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised PAR Technology to a “sell” rating in a report on Monday, March 3rd. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.86.

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.