Harbor Capital Advisors Inc. Raises Stock Holdings in PAR Technology Co. (NYSE:PAR)

Harbor Capital Advisors Inc. lifted its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 28.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,126 shares of the software maker's stock after buying an additional 19,447 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.22% of PAR Technology worth $5,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PAR. Aster Capital Management DIFC Ltd bought a new stake in PAR Technology during the 4th quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of PAR Technology in the fourth quarter worth $29,000. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 588 shares during the period. NBC Securities Inc. purchased a new position in shares of PAR Technology during the 1st quarter valued at $40,000. Finally, Signaturefd LLC lifted its stake in shares of 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 buying an additional 279 shares in the last quarter.

Wall Street Analysts Forecast Growth

PAR has been the topic of a number of recent analyst reports. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Monday, May 12th. Wall Street Zen upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.86.

Insiders Place Their Bets

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction 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 transaction, the director now owns 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by insiders.

PAR Technology Price Performance

Shares of PAR stock traded down $1.53 on Friday, reaching $62.10. The company's stock had a trading volume of 278,131 shares, compared to its average volume of 431,565. The stock's fifty day simple moving average is $62.04 and its 200-day simple moving average is $66.83. PAR Technology Co. has a 1 year low of $41.86 and a 1 year high of $82.24. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -248.39 and a beta of 1.70. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping 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 analysts' expectations of $105.16 million. During the same period last year, the company posted ($0.36) EPS. The business's revenue was up 48.2% on a year-over-year basis. Analysts forecast that PAR Technology Co. will post -1.47 earnings per share 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.