Deutsche Bank AG Sells 2,768 Shares of PAR Technology Corporation $PAR

Deutsche Bank AG trimmed its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,095 shares of the software maker’s stock after selling 2,768 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of PAR Technology worth $2,214,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PAR. Hood River Capital Management LLC bought a new stake in PAR Technology during the fourth quarter valued at approximately $30,392,000. GW&K Investment Management LLC purchased a new position in shares of PAR Technology during the 1st quarter valued at about $24,018,000. Nuveen Asset Management LLC lifted its position in shares of PAR Technology by 194.2% during the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker’s stock valued at $29,086,000 after buying an additional 264,188 shares in the last quarter. Granahan Investment Management LLC lifted its position in shares of PAR Technology by 115.5% during the 4th quarter. Granahan Investment Management LLC now owns 347,916 shares of the software maker’s stock valued at $25,283,000 after buying an additional 186,490 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in shares of PAR Technology by 146.1% during the 4th quarter. Fred Alger Management LLC now owns 311,841 shares of the software maker’s stock valued at $22,661,000 after buying an additional 185,107 shares in the last quarter.

PAR Technology Stock Down 0.2%

NYSE PAR opened at $51.41 on Thursday. The stock’s 50 day moving average is $63.23 and its 200 day moving average is $63.03. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. PAR Technology Corporation has a 12 month low of $46.24 and a 12 month high of $82.24. The stock has a market cap of $2.09 billion, a PE ratio of -22.85 and a beta of 1.70.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The business had revenue of $112.40 million during the quarter, compared to analysts’ expectations of $111.02 million. During the same period in the prior year, the firm posted ($0.23) earnings per share. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. Research analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAR. The Goldman Sachs Group lifted their price objective on PAR Technology from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. BTIG Research raised PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Friday, August 15th. Benchmark lowered their price objective on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and an average target price of $78.43.

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.