Deutsche Bank AG Has $2.82 Million Stock Holdings in PAR Technology Co. (NYSE:PAR)

Deutsche Bank AG lifted its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,863 shares of the software maker's stock after purchasing an additional 19,159 shares during the period. Deutsche Bank AG owned 0.10% of PAR Technology worth $2,824,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PAR. Invesco Ltd. raised its holdings in PAR Technology by 100.9% during the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock valued at $93,307,000 after buying an additional 644,920 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PAR Technology by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock valued at $48,000,000 after acquiring an additional 26,008 shares during the last quarter. Next Century Growth Investors LLC raised its stake in shares of PAR Technology by 15.7% in the 4th quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker's stock valued at $37,683,000 after acquiring an additional 70,386 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in PAR Technology in the 4th quarter worth approximately $33,011,000. Finally, Hood River Capital Management LLC bought a new stake in PAR Technology during the fourth quarter worth approximately $30,392,000.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the transaction, the director now directly owns 11,760 shares of the company's stock, valued at approximately $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. 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 report on Monday, May 12th. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Monday, May 12th. Finally, Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Stock Performance

PAR Technology stock traded up $1.96 during mid-day trading on Tuesday, reaching $67.91. The company had a trading volume of 240,043 shares, compared to its average volume of 434,181. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of -271.62 and a beta of 1.76. The company has a 50 day moving average of $60.76 and a 200-day moving average of $67.57. 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 announced its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the prior year, the business earned ($0.36) earnings per share. The firm's revenue for the quarter was up 48.2% on a year-over-year basis. On average, sell-side analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

PAR Technology Company 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.