Teacher Retirement System of Texas Takes $326,000 Position in PAR Technology Corporation (NYSE:PAR)

Teacher Retirement System of Texas purchased a new stake in PAR Technology Corporation (NYSE:PAR) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 5,308 shares of the software maker’s stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of PAR Technology in the 4th quarter valued at about $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the 4th quarter valued at about $29,000. Signaturefd LLC boosted its stake in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after purchasing an additional 279 shares during the period. Versant Capital Management Inc boosted its stake in PAR Technology by 996.6% during the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker’s stock valued at $40,000 after purchasing an additional 588 shares during the period. Finally, NBC Securities Inc. acquired a new position in PAR Technology during the 1st quarter valued at about $40,000.

Insider Buying and Selling

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the sale, the director directly owned 11,760 shares of the company’s stock, 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 at the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of PAR Technology from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, May 12th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, July 11th. One investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $79.86.

PAR Technology Stock Down 0.6%

PAR stock opened at $69.39 on Friday. PAR Technology Corporation has a 12 month low of $43.50 and a 12 month high of $82.24. The firm has a market cap of $2.81 billion, a PE ratio of -533.77 and a beta of 1.69. The firm has a 50 day simple moving average of $66.93 and a 200 day simple moving average of $65.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The business had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the business earned ($0.36) earnings per share. The business’s quarterly revenue was up 48.2% on a year-over-year basis. Equities research analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.