TD Asset Management Inc Has $6.05 Million Holdings in PAR Technology Corporation $PAR

TD Asset Management Inc cut its stake in shares of PAR Technology Corporation (NYSE:PAR) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,146 shares of the software maker’s stock after selling 1,786 shares during the period. TD Asset Management Inc owned 0.22% of PAR Technology worth $6,045,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of PAR Technology by 8,631.3% during the first quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker’s stock worth $86,000 after purchasing an additional 1,381 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of PAR Technology by 415.9% during the first quarter. Russell Investments Group Ltd. now owns 43,213 shares of the software maker’s stock worth $2,651,000 after purchasing an additional 34,837 shares during the period. Rovida Advisors Inc. increased its holdings in shares of PAR Technology by 30.6% during the first quarter. Rovida Advisors Inc. now owns 326,494 shares of the software maker’s stock worth $20,027,000 after purchasing an additional 76,494 shares during the period. Commerce Bank bought a new position in shares of PAR Technology during the first quarter worth approximately $267,000. Finally, GAMMA Investing LLC increased 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 period.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $34.98 on Monday. PAR Technology Corporation has a fifty-two week low of $34.33 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. The firm has a market capitalization of $1.42 billion, a P/E ratio of -15.55 and a beta of 1.65. The company’s 50 day moving average price is $44.51 and its two-hundred day moving average price is $56.81.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share 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 analyst estimates of $111.02 million. During the same quarter in the prior year, the business earned ($0.23) EPS. The business’s quarterly revenue was up 43.8% on a year-over-year basis. On average, equities analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PAR has been the topic of several recent research reports. Benchmark lowered their target price on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PAR Technology in a report on Wednesday, October 8th. 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 report on Friday, August 15th. The Goldman Sachs Group lowered their target price on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.57.

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.