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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in 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 worth $86,000 after purchasing an additional 1,381 shares during the last quarter. Ameriprise Financial Inc. bought a new position in PAR Technology in the fourth quarter worth approximately $350,000. Deutsche Bank AG raised its position in PAR Technology by 97.2% in the fourth quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock worth $2,824,000 after acquiring an additional 19,159 shares during the period. Commerce Bank bought a new position in PAR Technology in the first quarter worth approximately $267,000. Finally, GAMMA Investing LLC raised its position in PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after acquiring an additional 488 shares during the period.

PAR Technology Price Performance

PAR traded down $0.33 during trading on Thursday, hitting $51.13. 430,674 shares of the company traded hands, compared to its average volume of 1,100,424. The company has a market cap of $2.07 billion, a PE ratio of -22.72 and a beta of 1.70. The stock's 50-day simple moving average is $62.99 and its two-hundred day simple moving average is $62.89. PAR Technology Corporation has a 1 year low of $46.24 and a 1 year high of $82.24. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 EPS 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 business had revenue of $112.40 million during the quarter, compared to analysts' expectations of $111.02 million. During the same period in the previous year, the business earned ($0.23) earnings per share. The business's quarterly revenue was up 43.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on PAR. The Goldman Sachs Group increased their price target on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Benchmark decreased their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Finally, BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Friday, August 15th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.43.

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.