SG Americas Securities LLC increased its position in PAR Technology Corporation (NYSE:PAR - Free Report) by 94.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,398 shares of the software maker's stock after buying an additional 8,436 shares during the quarter. SG Americas Securities LLC's holdings in PAR Technology were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in PAR. Rhumbline Advisers increased its stake in shares of 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 buying an additional 782 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of PAR Technology in the fourth quarter valued at approximately $2,036,000. Principal Financial Group Inc. acquired a new position in shares of PAR Technology in the fourth quarter valued at approximately $205,000. Peregrine Capital Management LLC increased its stake in shares of 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 buying an additional 3,303 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of 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 buying an additional 5,542 shares during the period.
Insider Buying and Selling
In related news, Director Douglas Gregory Rauch sold 1,000 shares of the 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 directly owns 11,760 shares in the company, valued at $822,964.80. This trade represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by company insiders.
PAR Technology Trading Up 0.6%
Shares of PAR stock traded up $0.40 during trading hours on Friday, hitting $63.37. 614,585 shares of the company were exchanged, compared to its average volume of 431,936. The firm has a market cap of $2.57 billion, a P/E ratio of -487.44 and a beta of 1.70. PAR Technology Corporation has a fifty-two week low of $41.86 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 2.05. The company has a 50 day simple moving average of $63.03 and a two-hundred day simple moving average of $66.05.
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, topping analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The company had revenue of $103.86 million for the quarter, compared to analysts' expectations of $105.16 million. During the same period last year, the business earned ($0.36) EPS. PAR Technology's quarterly revenue was up 48.2% compared to the same quarter last year. Equities analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. The Goldman Sachs Group increased 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. Benchmark reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.86.
Read Our Latest Analysis on PAR
PAR Technology Company Profile
(
Free Report)
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.
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