PAR Technology Corporation $PAR Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. boosted its stake in PAR Technology Corporation by 2.9%, acquiring an additional 8,621 shares for a total of approximately 302,656 shares valued at $18.57 million.
• Equities analysts have set varying price targets for PAR Technology, with Goldman Sachs increasing its target from $57 to $65, while Needham & Company maintains a "buy" rating with a target of $90.
• PAR Technology reported a 43.8% year-over-year increase in revenue for the most recent quarter, although it missed earnings expectations with EPS of $0.03 against a consensus estimate of $0.04.

Charles Schwab Investment Management Inc. lifted its stake in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 302,656 shares of the software maker's stock after buying an additional 8,621 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.75% of PAR Technology worth $18,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of PAR. Vanguard Group Inc. increased its stake in shares of PAR Technology by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock worth $177,770,000 after acquiring an additional 69,546 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in 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 acquiring an additional 112,183 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PAR Technology by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock worth $48,000,000 after acquiring an additional 26,008 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of PAR Technology by 11.6% in the 1st quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker's stock worth $27,844,000 after purchasing an additional 47,340 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of PAR Technology by 194.2% in the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock worth $29,086,000 after purchasing an additional 264,188 shares during the last quarter.

Analyst Upgrades and Downgrades

PAR has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, July 11th. The Goldman Sachs Group increased 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. Benchmark cut their price target on PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, August 19th. Finally, BTIG Research raised shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a report on Friday, August 15th. Six equities 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 company has an average rating of "Moderate Buy" and an average target price of $78.43.

PAR Technology Price Performance

PAR Technology stock traded up $0.79 during midday trading on Wednesday, reaching $51.89. 281,458 shares of the company were exchanged, compared to its average volume of 515,418. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -23.05 and a beta of 1.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. The firm's 50-day simple moving average is $62.40 and its 200-day simple moving average is $62.43. PAR Technology Corporation has a 1 year low of $46.24 and a 1 year high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last issued 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 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%.The firm's quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. On average, analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current 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.