Nuveen LLC Makes New Investment in PAR Technology Corporation $PAR

Key Points

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Nuveen LLC acquired a new stake in PAR Technology Corporation (NYSE:PAR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 399,416 shares of the software maker's stock, valued at approximately $24,500,000. Nuveen LLC owned approximately 0.99% of PAR Technology as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in PAR Technology by 2.5% in the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock valued at $177,770,000 after buying an additional 69,546 shares in the last quarter. Invesco Ltd. boosted its stake in PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock valued at $92,767,000 after buying an additional 228,369 shares in the last quarter. Reinhart Partners LLC. boosted its stake in PAR Technology by 15.0% in the first quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker's stock valued at $52,681,000 after buying an additional 112,183 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PAR Technology by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock valued at $48,000,000 after buying an additional 26,008 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in PAR Technology by 11.6% in the first quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker's stock valued at $27,844,000 after buying an additional 47,340 shares in the last quarter.

PAR Technology Trading Up 6.5%

Shares of PAR Technology stock traded up $3.3370 during midday trading on Friday, reaching $54.5370. The company had a trading volume of 650,152 shares, compared to its average volume of 1,094,834. The stock has a fifty day moving average price of $62.83 and a 200 day moving average price of $62.70. 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 cap of $2.21 billion, a PE ratio of -24.24 and a beta of 1.70. PAR Technology Corporation has a fifty-two week low of $46.24 and a fifty-two week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $112.40 million during the quarter, compared to analyst estimates of $111.02 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.PAR Technology's revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. On average, equities analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on PAR shares. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, July 11th. The Goldman Sachs Group lifted their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. BTIG Research upgraded 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. Finally, Benchmark cut their target price on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $78.43.

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.