Nuveen Asset Management LLC Has $29.09 Million Stock Position in PAR Technology Co. (NYSE:PAR)

Nuveen Asset Management LLC grew its holdings in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 194.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 400,251 shares of the software maker's stock after acquiring an additional 264,188 shares during the quarter. Nuveen Asset Management LLC owned about 1.03% of PAR Technology worth $29,086,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in PAR Technology by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock worth $1,257,000 after acquiring an additional 168 shares during the period. Signaturefd LLC lifted its holdings in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after buying an additional 279 shares during the period. US Bancorp DE lifted its holdings in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of PAR Technology by 7.4% in the fourth 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. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology in the fourth quarter valued at $28,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on PAR. Stephens restated an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Wall Street Zen raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Finally, The Goldman Sachs Group upped their target price on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and an average price target of $79.86.

Insider Activity at PAR Technology

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the transaction, the director now directly owns 11,760 shares of the company's stock, valued at approximately $822,964.80. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

PAR Technology Trading Up 3.0%

Shares of NYSE PAR traded up $1.96 during mid-day trading on Tuesday, hitting $67.91. 240,043 shares of the company traded hands, compared to its average volume of 434,181. PAR Technology Co. has a 1 year low of $41.86 and a 1 year high of $82.24. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -271.62 and a beta of 1.76. 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 business has a 50 day moving average of $60.76 and a two-hundred day moving average of $67.57.

PAR Technology (NYSE:PAR - Get Free Report) last announced 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. The business had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.36) earnings per share. On average, sell-side analysts anticipate 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.