Deutsche Bank AG lifted its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 97.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,863 shares of the software maker's stock after buying an additional 19,159 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of PAR Technology worth $2,824,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after buying an additional 644,920 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of PAR Technology in the 4th quarter valued at $33,011,000. Hood River Capital Management LLC purchased a new position in shares of PAR Technology in the 4th quarter valued at $30,392,000. TimesSquare Capital Management LLC raised its position in shares of PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock worth $29,547,000 after acquiring an additional 130,121 shares in the last quarter. Finally, PEAK6 LLC purchased a new stake in shares of PAR Technology during the 4th quarter worth $9,381,000.
Wall Street Analyst Weigh In
Several research firms have issued reports on PAR. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Monday, May 12th. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Finally, Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology presently has an average rating of "Moderate Buy" and an average target price of $79.86.
Read Our Latest Analysis on PAR Technology
Insider Activity at PAR Technology
In related news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the sale, the director now directly owns 11,760 shares of the company's stock, valued at $822,964.80. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.
PAR Technology Stock Performance
PAR Technology stock traded up $1.30 during trading hours on Tuesday, hitting $67.25. 17,382 shares of the stock traded hands, compared to its average volume of 442,576. The firm's 50 day moving average price is $60.62 and its 200-day moving average price is $67.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -268.99 and a beta of 1.76. PAR Technology Co. has a 1 year low of $41.85 and a 1 year high of $82.24.
PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology's quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.36) EPS. As a group, equities analysts expect that PAR Technology Co. will post -1.47 EPS for the current fiscal year.
About PAR Technology
(
Free Report)
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.
Featured Stories
Before you consider PAR Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PAR Technology wasn't on the list.
While PAR Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
