PAR Technology Corporation $PAR Shares Bought by Bamco Inc. NY

Bamco Inc. NY boosted its position in shares of PAR Technology Corporation (NYSE:PAR) by 8.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,751,387 shares of the software maker’s stock after acquiring an additional 137,434 shares during the quarter. Bamco Inc. NY owned 4.32% of PAR Technology worth $121,494,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PAR. Huntington National Bank grew its stake in PAR Technology by 66.2% during the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after purchasing an additional 174 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in PAR Technology by 8,616.7% during the first 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. Advisors Asset Management Inc. raised its position in PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock valued at $39,000 after purchasing an additional 229 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of PAR Technology during the first quarter worth about $53,000. Finally, Farther Finance Advisors LLC lifted its position in PAR Technology by 31.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,835 shares of the software maker’s stock worth $127,000 after acquiring an additional 438 shares during the period.

Insiders Place Their Bets

In other news, CFO Bryan A. Menar sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the sale, the chief financial officer directly owned 71,481 shares in the company, valued at $2,539,719.93. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PAR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of PAR Technology in a report on Thursday, November 13th. William Blair reissued an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. BTIG Research dropped their price objective on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Benchmark cut their target price on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Finally, The Goldman Sachs Group reduced their price target on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

PAR Technology Stock Performance

NYSE:PAR opened at $36.86 on Friday. PAR Technology Corporation has a twelve month low of $31.65 and a twelve month high of $81.51. The firm’s fifty day simple moving average is $35.77 and its 200 day simple moving average is $49.96. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -17.22 and a beta of 1.38.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The company had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. During the same quarter last year, the business posted ($0.09) EPS. PAR Technology’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

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.