Blair William & Co. IL Sells 9,429 Shares of PAR Technology Corporation $PAR

Key Points

• Blair William & Co. IL reduced its stake in PAR Technology Corporation by 7.4%, selling 9,429 shares and holding now 117,458 shares worth $8,148,000.
• Research reports show a mix of opinions on PAR Technology, with Benchmark lowering its price target from $92 to $77, while six analysts have rated the stock as a "Buy."
• PAR Technology's shares are currently down 3.8%, with a market cap of $1.47 billion, and recent quarterly earnings missed expectations, reporting $0.03 EPS against a consensus of $0.04.

Blair William & Co. IL trimmed its stake in PAR Technology Corporation (NYSE:PAR - Free Report) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,458 shares of the software maker's stock after selling 9,429 shares during the period. Blair William & Co. IL owned approximately 0.29% of PAR Technology worth $8,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS increased its holdings in PAR Technology by 24.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,700 shares of the software maker's stock worth $604,000 after purchasing an additional 1,700 shares during the period. Janney Montgomery Scott LLC grew its stake in PAR Technology by 5.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 13,082 shares of the software maker's stock worth $907,000 after buying an additional 729 shares during the last quarter. Farther Finance Advisors LLC grew its stake 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 buying an additional 438 shares during the last quarter. Reinhart Partners LLC. grew its stake in PAR Technology by 2.9% during the 2nd quarter. Reinhart Partners LLC. now owns 883,792 shares of the software maker's stock worth $61,310,000 after buying an additional 24,949 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in PAR Technology by 1.4% during the 1st quarter. Rhumbline Advisers now owns 51,681 shares of the software maker's stock worth $3,170,000 after acquiring an additional 691 shares during the period.

Wall Street Analyst Weigh In

PAR has been the subject of a number of research reports. Benchmark lowered their price target on PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PAR Technology in a report on Wednesday. BTIG Research upgraded PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price objective for the company in a research note on Friday, August 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.43.

PAR Technology Stock Down 3.8%

Shares of NYSE PAR opened at $36.16 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of -16.07 and a beta of 1.65. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. PAR Technology Corporation has a 12-month low of $35.99 and a 12-month high of $82.24. The business's fifty day simple moving average is $46.62 and its 200-day simple moving average is $57.71.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $112.40 million for the quarter, compared to analysts' expectations of $111.02 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The firm's quarterly revenue was up 43.8% on a year-over-year basis. During the same period last year, the firm earned ($0.23) earnings per share. As a group, equities analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

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.

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