GW&K Investment Management LLC bought a new stake in PAR Technology Corporation (NYSE:PAR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.97% of PAR Technology as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology during the 4th quarter worth about $28,000. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology during the 4th quarter valued at about $29,000. Signaturefd LLC boosted its holdings in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after acquiring an additional 279 shares during the period. Versant Capital Management Inc boosted its holdings in PAR Technology by 996.6% during the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after acquiring an additional 588 shares during the period. Finally, NBC Securities Inc. purchased a new position in PAR Technology during the 1st quarter valued at about $40,000.
Insider Buying and Selling at PAR Technology
In related news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction 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 directly owned 11,760 shares in the company, valued at approximately $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.
PAR Technology Price Performance
Shares of PAR Technology stock traded down $0.15 during trading on Friday, reaching $68.07. The company's stock had a trading volume of 73,074 shares, compared to its average volume of 429,668. The business has a 50 day moving average price of $67.04 and a 200-day moving average price of $65.01. The company has a market capitalization of $2.76 billion, a P/E ratio of -523.38 and a beta of 1.69. PAR Technology Corporation has a 12-month low of $43.50 and a 12-month high of $82.24. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46.
PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The firm had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. During the same period in the previous year, the firm posted ($0.36) earnings per share. PAR Technology's revenue was up 48.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current year.
Analyst Ratings Changes
PAR has been the subject of a number of research analyst reports. The Goldman Sachs Group raised 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.86.
Read Our Latest Stock Report on PAR
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.
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