PAR Technology Corporation $PAR Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in PAR Technology Corporation (NYSE:PAR - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,708 shares of the software maker's stock after selling 7,371 shares during the quarter. Northern Trust Corp owned approximately 0.85% of PAR Technology worth $21,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAR. Caitong International Asset Management Co. Ltd lifted its stake in PAR Technology by 8,616.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker's stock valued at $32,000 after buying an additional 517 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of PAR Technology by 996.6% in the first quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after buying an additional 588 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of PAR Technology in the first quarter valued at about $40,000. GAMMA Investing LLC raised its holdings in shares of PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock valued at $43,000 after buying an additional 488 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of PAR Technology by 161.7% in the first quarter. Assetmark Inc. now owns 785 shares of the software maker's stock valued at $48,000 after buying an additional 485 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PAR. Benchmark dropped their target price on PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. BTIG Research raised PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a report on Friday, August 15th. The Goldman Sachs Group increased their price target on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and a consensus target price of $78.43.

PAR Technology Stock Performance

NYSE PAR traded up $0.30 during trading hours on Friday, hitting $48.42. 471,678 shares of the stock were exchanged, compared to its average volume of 521,227. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -21.52 and a beta of 1.64. PAR Technology Corporation has a 12-month low of $46.24 and a 12-month high of $82.24. The stock has a 50-day moving average of $60.34 and a 200 day moving average of $61.59. 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 (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm had revenue of $112.40 million during the quarter, compared to analyst estimates of $111.02 million. During the same period last year, the company posted ($0.23) EPS. The firm's revenue for the quarter was up 43.8% on a year-over-year basis. As a group, equities research analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current 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.