GW&K Investment Management LLC Makes New $24.02 Million Investment in PAR Technology Corporation (NYSE:PAR)

GW&K Investment Management LLC bought a new stake in PAR Technology Corporation (NYSE:PAR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 391,560 shares of the software maker's stock, valued at approximately $24,018,000. GW&K Investment Management LLC owned about 0.97% of PAR Technology at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of PAR Technology by 8,631.3% in the first quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker's stock valued at $86,000 after purchasing an additional 1,381 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in PAR Technology during the fourth quarter worth about $350,000. Deutsche Bank AG increased its holdings in PAR Technology by 97.2% during the fourth quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock worth $2,824,000 after buying an additional 19,159 shares during the last quarter. GAMMA Investing LLC increased its holdings in PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after buying an additional 488 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in PAR Technology by 201.4% during the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock worth $6,467,000 after buying an additional 59,469 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PAR shares. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, July 11th. The Goldman Sachs Group raised their price objective 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $79.86.

Insider Transactions at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of PAR Technology stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the sale, the director directly owned 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

PAR Technology Stock Performance

Shares of PAR traded down $2.16 during trading hours on Thursday, hitting $69.08. The company's stock had a trading volume of 355,189 shares, compared to its average volume of 430,798. The business has a 50 day simple moving average of $67.06 and a two-hundred day simple moving average of $65.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83. PAR Technology Corporation has a 52-week low of $43.50 and a 52-week high of $82.24. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -531.38 and a beta of 1.69.

PAR Technology (NYSE:PAR - Get Free Report) last released 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 2.88% and a negative return on equity of 3.90%. The company had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the business earned ($0.36) earnings per share. PAR Technology's revenue was up 48.2% compared to the same quarter last year. On average, equities analysts expect that PAR Technology Corporation will post -1.47 earnings per share 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.