Ameriprise Financial Inc. Purchases Shares of 4,817 PAR Technology Co. (NYSE:PAR)

Ameriprise Financial Inc. acquired a new stake in PAR Technology Co. (NYSE:PAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,817 shares of the software maker's stock, valued at approximately $350,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology during the 4th quarter worth $28,000. Mountain Hill Investment Partners Corp. bought a new position in shares of PAR Technology in the fourth quarter worth about $29,000. Signaturefd LLC increased its holdings in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE raised its stake in shares of PAR Technology by 104.3% during 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 last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the fourth quarter valued at $113,000.

Insider Buying and Selling

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of PAR Technology stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the sale, the director now directly owns 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by company insiders.

PAR Technology Stock Up 1.9%

PAR Technology stock traded up $1.26 during trading on Friday, hitting $66.63. 325,991 shares of the company were exchanged, compared to its average volume of 433,881. The company has a market capitalization of $2.70 billion, a P/E ratio of -266.51 and a beta of 1.70. The business's 50 day moving average is $61.14 and its 200 day moving average is $67.21. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 52 week low of $41.86 and a 52 week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the prior year, the business earned ($0.36) earnings per share. PAR Technology's revenue for the quarter was up 48.2% on a year-over-year basis. Analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on PAR. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group upped their target price on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology 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.