SG Americas Securities LLC Has $1.07 Million Stock Position in PAR Technology Corporation (NYSE:PAR)

SG Americas Securities LLC raised its holdings in PAR Technology Corporation (NYSE:PAR - Free Report) by 94.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,398 shares of the software maker's stock after acquiring an additional 8,436 shares during the quarter. SG Americas Securities LLC's holdings in PAR Technology were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PAR. Rhumbline Advisers lifted its stake in PAR Technology by 1.6% in the fourth quarter. Rhumbline Advisers now owns 50,990 shares of the software maker's stock valued at $3,705,000 after acquiring an additional 782 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in PAR Technology in the fourth quarter valued at approximately $2,036,000. Principal Financial Group Inc. acquired a new stake in PAR Technology in the fourth quarter valued at approximately $205,000. Peregrine Capital Management LLC lifted its stake in PAR Technology by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker's stock valued at $13,588,000 after acquiring an additional 3,303 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in PAR Technology by 14.4% in the fourth quarter. New York State Common Retirement Fund now owns 43,984 shares of the software maker's stock valued at $3,196,000 after acquiring an additional 5,542 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAR shares. Stephens reissued an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Monday, May 12th. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Wall Street Zen raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology Stock Performance

PAR stock traded up $0.80 on Thursday, reaching $62.96. 370,389 shares of the company were exchanged, compared to its average volume of 433,711. PAR Technology Corporation has a 12 month low of $41.86 and a 12 month high of $82.24. The stock's fifty day moving average price is $62.87 and its 200 day moving average price is $66.25. The firm has a market capitalization of $2.55 billion, a PE ratio of -484.31 and a beta of 1.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83.

PAR Technology (NYSE:PAR - Get Free Report) last announced its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The business had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. PAR Technology's revenue was up 48.2% compared to the same quarter last year. On average, research analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

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 on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the sale, the director now owns 11,760 shares of the company's stock, valued at $822,964.80. The trade was a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

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.