Royce & Associates LP Has $57.71 Million Position in PAR Technology Corporation (NYSE:PAR)

Royce & Associates LP cut its stake in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 940,801 shares of the software maker's stock after selling 32,486 shares during the quarter. PAR Technology makes up 0.6% of Royce & Associates LP's portfolio, making the stock its 22nd largest holding. Royce & Associates LP owned about 2.32% of PAR Technology worth $57,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. GW&K Investment Management LLC bought a new position in shares of PAR Technology during the first quarter valued at approximately $24,018,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of PAR Technology during the first quarter valued at approximately $744,000. Victory Capital Management Inc. grew its holdings in shares of PAR Technology by 7.8% during the first quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker's stock valued at $291,000 after purchasing an additional 343 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of PAR Technology by 11.6% during the first quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker's stock valued at $27,844,000 after purchasing an additional 47,340 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of PAR Technology by 48.0% during the first quarter. Envestnet Asset Management Inc. now owns 44,673 shares of the software maker's stock valued at $2,740,000 after purchasing an additional 14,496 shares during the last quarter.

Insiders Place Their Bets

In other 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 transaction of $69,980.00. Following the completion of the sale, the director owned 11,760 shares in the company, valued at approximately $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, July 11th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Price Performance

PAR traded down $0.32 during trading on Monday, reaching $67.94. The stock had a trading volume of 193,408 shares, compared to its average volume of 429,233. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -522.65 and a beta of 1.69. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. PAR Technology Corporation has a 1-year low of $43.50 and a 1-year high of $82.24. The stock has a 50 day moving average of $67.01 and a two-hundred day moving average of $64.95.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share 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 3.90% and a negative net margin of 2.88%. The firm'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 posted ($0.36) earnings per share. As a group, equities analysts anticipate that PAR Technology Corporation 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.