Arete Wealth Advisors LLC Makes New Investment in PAR Technology Corporation $PAR

Key Points

• Arete Wealth Advisors LLC acquired a new position in PAR Technology Corporation, purchasing 9,900 shares valued at approximately $607,000 in the first quarter of the year.
• PAR Technology reported a revenue increase of 43.8% year-over-year, totaling $112.40 million for the last quarter, although it missed EPS estimates with a reported $0.03.
• Analysts have varied opinions on PAR, with a consensus rating of "Moderate Buy" and an average price target of $78.43, reflecting ongoing interest from institutional investors.

Arete Wealth Advisors LLC acquired a new position in PAR Technology Corporation (NYSE:PAR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,900 shares of the software maker's stock, valued at approximately $607,000.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of PAR Technology by 2.5% in the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock worth $177,770,000 after purchasing an additional 69,546 shares during the last quarter. Voss Capital LP increased its position in shares of PAR Technology by 16.9% in the first quarter. Voss Capital LP now owns 1,706,362 shares of the software maker's stock worth $104,668,000 after purchasing an additional 246,362 shares during the last quarter. Invesco Ltd. increased its position in shares of PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock worth $92,767,000 after purchasing an additional 228,369 shares during the last quarter. Reinhart Partners LLC. increased its position in shares of PAR Technology by 15.0% in the first quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker's stock worth $52,681,000 after purchasing an additional 112,183 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its position in PAR Technology by 11.6% during the first quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker's stock valued at $27,844,000 after acquiring an additional 47,340 shares during the last quarter.

PAR Technology Trading Down 2.2%

PAR stock traded down $0.96 on Monday, reaching $43.06. The company's stock had a trading volume of 320,895 shares, compared to its average volume of 542,112. The business has a fifty day simple moving average of $57.71 and a two-hundred day simple moving average of $60.85. PAR Technology Corporation has a 12-month low of $43.23 and a 12-month high of $82.24. The firm has a market cap of $1.75 billion, a PE ratio of -19.14 and a beta of 1.64. 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 (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $112.40 million during the quarter, compared to the consensus estimate 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 for the quarter was up 43.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. As a group, research analysts forecast that PAR Technology Corporation will post -1.47 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on PAR. BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Friday, August 15th. Benchmark reduced their price target 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, August 19th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.