Visionary Wealth Advisors Acquires 43,399 Shares of PAR Technology Co. (NYSE:PAR)

Visionary Wealth Advisors lifted its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 378,896 shares of the software maker's stock after buying an additional 43,399 shares during the quarter. PAR Technology makes up 1.6% of Visionary Wealth Advisors' holdings, making the stock its 8th largest holding. Visionary Wealth Advisors owned 0.98% of PAR Technology worth $27,534,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology in the 4th quarter worth $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in PAR Technology in the 4th quarter worth $29,000. Signaturefd LLC lifted its stake in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE raised its position in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after buying an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology during the 4th quarter valued at about $113,000.

Insiders Place Their Bets

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 in the company, valued at approximately $822,964.80. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company's stock.

PAR Technology Trading Down 0.7%

NYSE:PAR traded down $0.45 during mid-day trading on Friday, hitting $65.94. 228,070 shares of the stock traded hands, compared to its average volume of 433,974. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -263.75 and a beta of 1.76. PAR Technology Co. has a 52 week low of $41.86 and a 52 week high of $82.24. The firm's 50 day moving average is $60.53 and its two-hundred day moving average is $67.61. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

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

Analyst Ratings Changes

Several analysts have recently issued reports on PAR shares. Benchmark restated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Wall Street Zen upgraded shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. The Goldman Sachs Group upped their target price on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Craig Hallum restated a "buy" rating 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 price target on shares of PAR Technology in a report on Monday, May 12th. One equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.86.

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.