Envestnet Asset Management Inc. Has $3.34 Million Stake in PAR Technology Corporation $PAR

Envestnet Asset Management Inc. increased its position in shares of PAR Technology Corporation (NYSE:PAR) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,088 shares of the software maker’s stock after purchasing an additional 3,415 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of PAR Technology worth $3,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in PAR Technology by 8,616.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker’s stock worth $32,000 after buying an additional 517 shares during the period. Assetmark Inc. grew its stake in shares of PAR Technology by 161.7% in the first quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock valued at $48,000 after acquiring an additional 485 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in PAR Technology during the first quarter worth about $53,000. University of Texas Texas AM Investment Management Co. acquired a new stake in PAR Technology in the 1st quarter worth about $72,000. Finally, Farther Finance Advisors LLC boosted its holdings in PAR Technology by 31.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,835 shares of the software maker’s stock valued at $127,000 after purchasing an additional 438 shares during the period.

Analyst Ratings Changes

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. BTIG Research lowered their price objective on PAR Technology from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

PAR Technology Stock Performance

NYSE PAR opened at $38.87 on Friday. The firm’s fifty day moving average price is $38.72 and its two-hundred day moving average price is $54.07. The stock has a market cap of $1.58 billion, a PE ratio of -17.28 and a beta of 1.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. PAR Technology Corporation has a fifty-two week low of $32.56 and a fifty-two week high of $82.24.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $119.18 million for the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business earned ($0.09) EPS. On average, equities analysts expect that PAR Technology Corporation will post -1.47 EPS 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.