NBC Securities Inc. Invests $40,000 in PAR Technology Co. (NYSE:PAR)

NBC Securities Inc. purchased a new position in PAR Technology Co. (NYSE:PAR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 661 shares of the software maker’s stock, valued at approximately $40,000.

Several other large investors have also recently made changes to their positions in PAR. Stratos Wealth Partners LTD. raised its position in shares of PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock worth $361,000 after acquiring an additional 343 shares in the last quarter. Legato Capital Management LLC increased its position in PAR Technology by 40.0% during the 4th quarter. Legato Capital Management LLC now owns 16,075 shares of the software maker’s stock valued at $1,168,000 after buying an additional 4,590 shares in the last quarter. Rhumbline Advisers increased its position in PAR Technology by 1.6% during the 4th quarter. Rhumbline Advisers now owns 50,990 shares of the software maker’s stock valued at $3,705,000 after buying an additional 782 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in PAR Technology during the 4th quarter valued at about $2,036,000. Finally, Principal Financial Group Inc. acquired a new position in PAR Technology during the 4th quarter valued at about $205,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PAR. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group increased their price objective on PAR Technology from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. 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 given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.86.

PAR Technology Trading Down 2.7%

PAR opened at $63.61 on Friday. PAR Technology Co. has a 12 month low of $41.86 and a 12 month high of $82.24. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -254.43 and a beta of 1.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The business has a fifty day moving average price of $62.04 and a 200 day moving average price of $66.83.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.36) EPS. Sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the sale, the director now owns 11,760 shares in the company, valued at $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.

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.