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

Harbor Capital Advisors Inc. raised its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 28.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in PAR Technology in the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new position in PAR Technology during the 4th quarter worth $29,000. Versant Capital Management Inc boosted its holdings in PAR Technology by 996.6% in the first 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 last quarter. NBC Securities Inc. acquired a new stake in shares of PAR Technology during the 1st quarter worth approximately $40,000. Finally, Signaturefd LLC grew its holdings in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research note on Monday, May 12th. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Stephens reissued an "overweight" rating and set a $90.00 target price 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 assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $79.86.

Insider Activity at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the company's 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 owns 11,760 shares of the company's stock, valued at $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 NYSE:PAR traded down $1.53 on Friday, reaching $62.10. 278,131 shares of the company's stock were exchanged, compared to its average volume of 432,737. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. 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 fifty day moving average of $62.27 and a 200-day moving average of $66.64. PAR Technology Co. has a twelve month low of $41.86 and a twelve month high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the firm earned ($0.36) EPS. The business's quarterly revenue was up 48.2% compared to the same quarter last year. On average, research analysts predict 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.