Nuveen Asset Management LLC Boosts Stake in PAR Technology Co. (NYSE:PAR)

Nuveen Asset Management LLC raised its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 194.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,251 shares of the software maker's stock after acquiring an additional 264,188 shares during the period. Nuveen Asset Management LLC owned approximately 1.03% of PAR Technology worth $29,086,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PAR. Barclays PLC raised its holdings in PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after buying an additional 51,578 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of PAR Technology by 18.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock valued at $779,000 after acquiring an additional 1,663 shares during the period. KBC Group NV lifted its holdings in shares of PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after acquiring an additional 400 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of PAR Technology in the fourth quarter worth approximately $286,000. Finally, Stratos Wealth Partners LTD. boosted its position in PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock valued at $361,000 after buying an additional 343 shares during the period.

Insider Buying and Selling

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the transaction, the director now directly owns 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group upped their price objective 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. Stephens restated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology Price Performance

Shares of PAR Technology stock traded up $1.53 on Tuesday, hitting $67.48. 26,014 shares of the company were exchanged, compared to its average volume of 433,359. PAR Technology Co. has a 1-year low of $41.86 and a 1-year high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -269.93 and a beta of 1.76. The company has a 50-day moving average price of $60.62 and a 200 day moving average price of $67.57.

PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. During the same period in the prior year, the business earned ($0.36) EPS. The firm's quarterly revenue was up 48.2% on a year-over-year basis. As a group, sell-side analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.