Bank of America Corp DE Lowers Stock Holdings in PAR Technology Co. (NYSE:PAR)

Bank of America Corp DE decreased its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 54.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,455 shares of the software maker's stock after selling 83,359 shares during the period. Bank of America Corp DE owned 0.18% of PAR Technology worth $4,975,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of PAR Technology by 1.0% during the fourth 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 in the last quarter. Signaturefd LLC raised its stake in shares of PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares in the last quarter. US Bancorp DE raised its stake in shares of PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after acquiring an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of PAR Technology by 7.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after acquiring an additional 343 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology during the fourth quarter worth approximately $28,000.

Insider Buying and Selling

In other 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 value of $69,980.00. Following the transaction, the director now owns 11,760 shares of the company's stock, valued at $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on PAR. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lifted their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. One equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Stock Down 2.3%

PAR traded down $1.50 on Monday, hitting $64.06. The company had a trading volume of 276,525 shares, compared to its average volume of 435,424. The stock has a fifty day moving average price of $60.92 and a 200-day moving average price of $67.28. PAR Technology Co. has a 12-month low of $41.86 and a 12-month high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -256.24 and a beta of 1.76.

PAR Technology (NYSE:PAR - Get Free Report) last released 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 firm 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%. The company's revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.36) earnings per share. Analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

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.