PAR Technology Corporation $PAR Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,082 shares of the software maker’s stock after purchasing an additional 729 shares during the period. Janney Montgomery Scott LLC’s holdings in PAR Technology were worth $907,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PAR Technology by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker’s stock worth $177,770,000 after buying an additional 69,546 shares during the last quarter. Voss Capital LP grew its stake in PAR Technology by 16.9% in the 1st quarter. Voss Capital LP now owns 1,706,362 shares of the software maker’s stock valued at $104,668,000 after acquiring an additional 246,362 shares during the last quarter. Invesco Ltd. boosted its stake in shares of PAR Technology by 17.8% during the 1st quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock worth $92,767,000 after purchasing an additional 228,369 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of PAR Technology by 2.9% during the 2nd quarter. Reinhart Partners LLC. now owns 883,792 shares of the software maker’s stock worth $61,310,000 after purchasing an additional 24,949 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of PAR Technology by 11.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker’s stock worth $27,844,000 after purchasing an additional 47,340 shares during the last quarter.

PAR Technology Stock Performance

Shares of PAR opened at $36.74 on Wednesday. The firm has a 50-day moving average price of $45.67 and a 200 day moving average price of $57.36. The firm has a market capitalization of $1.49 billion, a PE ratio of -16.33 and a beta of 1.65. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. PAR Technology Corporation has a 52-week low of $35.02 and a 52-week high of $82.24.

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

Wall Street Analysts Forecast Growth

PAR has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. BTIG Research raised shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, August 15th. The Goldman Sachs Group reduced their target price on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Tuesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PAR Technology in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.57.

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.