Peregrine Capital Management LLC Buys 6,342 Shares of PAR Technology Corporation (NYSE:PAR)

Peregrine Capital Management LLC boosted its holdings in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,322 shares of the software maker's stock after purchasing an additional 6,342 shares during the quarter. Peregrine Capital Management LLC owned about 0.48% of PAR Technology worth $11,858,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in shares of PAR Technology by 1.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after purchasing an additional 168 shares in the last quarter. Signaturefd LLC grew its holdings in PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock valued at $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE increased its stake in PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after acquiring an additional 341 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology during the 4th quarter worth approximately $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of PAR Technology during the 4th quarter worth approximately $29,000.

PAR Technology Trading Up 3.7%

PAR stock traded up $2.46 during mid-day trading on Thursday, reaching $69.52. 272,436 shares of the stock traded hands, compared to its average volume of 432,458. PAR Technology Corporation has a one year low of $43.50 and a one year high of $82.24. The stock has a market capitalization of $2.82 billion, a PE ratio of -534.77 and a beta of 1.69. 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 business has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $65.58.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) EPS 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 analysts' expectations of $105.16 million. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The firm's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.36) EPS. Equities research analysts expect that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Activity at PAR Technology

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction that occurred 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 directly owned 11,760 shares of the company's stock, valued at approximately $822,964.80. This trade 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 the SEC website. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

PAR has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Monday, May 12th. The Goldman Sachs Group lifted their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology has an average rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Company 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.