PAR Technology Corporation $PAR Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in PAR Technology Corporation by 2.5%, owning approximately 7.16% of the company, valued at about $177.77 million.
• PAR Technology recently reported a 43.8% increase in revenue year-over-year, although it fell short of earnings per share estimates, reporting $0.03 against expectations of $0.04.
• The stock has a consensus rating of "Moderate Buy" with an average target price of $78.43 from analysts, who have adjusted their price objectives based on recent evaluations.

Vanguard Group Inc. raised its holdings in PAR Technology Corporation (NYSE:PAR - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,898,114 shares of the software maker's stock after purchasing an additional 69,546 shares during the quarter. Vanguard Group Inc. owned 7.16% of PAR Technology worth $177,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after purchasing an additional 588 shares in the last quarter. NBC Securities Inc. purchased a new stake in PAR Technology in the 1st quarter valued at approximately $40,000. GAMMA Investing LLC boosted its holdings in PAR Technology by 232.4% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock valued at $43,000 after purchasing an additional 488 shares in the last quarter. Assetmark Inc. boosted its holdings in PAR Technology by 161.7% in the 1st quarter. Assetmark Inc. now owns 785 shares of the software maker's stock valued at $48,000 after purchasing an additional 485 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in PAR Technology in the 1st quarter valued at approximately $72,000.

PAR Technology Price Performance

Shares of PAR Technology stock traded down $2.44 during trading on Monday, hitting $52.17. 358,062 shares of the company were exchanged, compared to its average volume of 1,115,220. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. PAR Technology Corporation has a fifty-two week low of $46.24 and a fifty-two week high of $82.24. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -23.19 and a beta of 1.70. The firm has a 50 day moving average price of $62.62 and a 200 day moving average price of $62.51.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The company had revenue of $112.40 million for the quarter, compared to analyst estimates of $111.02 million. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. The company's revenue for the quarter was up 43.8% on a year-over-year basis. On average, equities analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PAR. The Goldman Sachs Group lifted their price target 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 reduced their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a research report on Friday, August 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, PAR Technology currently has an average rating of "Moderate Buy" and an average price target of $78.43.

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.