Invesco Ltd. Has $92.77 Million Stake in PAR Technology Corporation (NYSE:PAR)

Key Points

• Invesco Ltd. increased its stake in PAR Technology Corporation by 17.8% during Q1, owning approximately 1.5 million shares valued at $92.77 million, representing about 3.73% of the company.
• PAR Technology reported a 43.8% year-over-year increase in revenue with Q1 revenue reaching $112.40 million, though it missed earnings expectations by $0.01.
• Equity analysts have mixed views on PAR Technology, with target prices ranging from $57.00 to $90.00, with the majority rating it as a "Moderate Buy."

Invesco Ltd. increased its position in PAR Technology Corporation (NYSE:PAR - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,512,347 shares of the software maker's stock after purchasing an additional 228,369 shares during the quarter. Invesco Ltd. owned approximately 3.73% of PAR Technology worth $92,767,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PAR. Versant Capital Management Inc raised its stake in shares of PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after buying an additional 588 shares in the last quarter. NBC Securities Inc. acquired a new position in PAR Technology in the first quarter worth about $40,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 488 shares during the period. Assetmark Inc. boosted its holdings in PAR Technology by 161.7% during the first quarter. Assetmark Inc. now owns 785 shares of the software maker's stock valued at $48,000 after purchasing an additional 485 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of PAR Technology in the 1st quarter valued at approximately $72,000.

PAR Technology Stock Performance

PAR Technology stock opened at $52.49 on Friday. The stock has a 50-day simple moving average of $64.11 and a 200 day simple moving average of $63.46. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -23.33 and a beta of 1.70. The company has a quick ratio of 1.83, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. PAR Technology Corporation has a 12-month low of $46.24 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last announced its earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%. The company had revenue of $112.40 million during the quarter, compared to the consensus estimate of $111.02 million. During the same period in the prior year, the firm posted ($0.23) earnings per share. The company's revenue was up 43.8% on a year-over-year basis. On average, research analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the 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 transaction, the director directly owned 11,760 shares in the company, valued at approximately $822,964.80. This trade represents a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a research note on Friday. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $80.57.

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.

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