PAR Technology Corporation (NYSE:PAR) Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its position in shares of PAR Technology Corporation (NYSE:PAR) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,932 shares of the software maker’s stock after selling 2,124 shares during the period. TD Asset Management Inc owned about 0.22% of PAR Technology worth $5,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology during the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised 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 worth $40,000 after acquiring an additional 588 shares in the last quarter. NBC Securities Inc. purchased a new stake in PAR Technology in the first quarter valued at $40,000. GAMMA Investing LLC grew its holdings in shares of PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker’s stock worth $43,000 after purchasing an additional 488 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of PAR Technology by 161.7% during the first quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock worth $48,000 after purchasing an additional 485 shares in the last quarter.

Insider Transactions at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director owned 11,760 shares in the company, valued at approximately $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

PAR Technology Stock Down 3.5%

PAR opened at $58.63 on Friday. PAR Technology Corporation has a 52 week low of $43.50 and a 52 week high of $82.24. The business has a 50 day moving average price of $66.69 and a two-hundred day moving average price of $64.88. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.37 billion, a PE ratio of -451.01 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, July 11th. 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PAR Technology presently has an average rating of “Moderate Buy” and a consensus price target of $79.86.

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.