Envestnet Asset Management Inc. Purchases 18,763 Shares of PAR Technology Co. (NYSE:PAR)

Envestnet Asset Management Inc. grew its position in PAR Technology Co. (NYSE:PAR - Free Report) by 164.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,177 shares of the software maker's stock after acquiring an additional 18,763 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of PAR Technology worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PAR. Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology during the fourth quarter worth $29,000. Signaturefd LLC lifted its holdings in PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares during the last quarter. US Bancorp DE boosted its stake in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after acquiring an additional 341 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the 4th quarter worth about $113,000. Finally, KBC Group NV boosted its position in PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after acquiring an additional 400 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAR. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens restated an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com upgraded PAR Technology to a "sell" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Price Performance

NYSE:PAR traded up $1.97 during trading hours on Thursday, reaching $60.37. 48,658 shares of the company were exchanged, compared to its average volume of 432,997. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market capitalization of $2.44 billion, a P/E ratio of -241.57 and a beta of 1.95. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The business has a 50 day moving average of $59.58 and a 200 day moving average of $66.98.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). The company had revenue of $105.01 million for the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue for the quarter was up 50.2% on a year-over-year basis. During the same period last year, the company posted ($0.33) EPS. Research analysts forecast that PAR Technology Co. will post -1.47 EPS for the current 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.