Teacher Retirement System of Texas Takes Position in PAR Technology Corporation (NYSE:PAR)

Teacher Retirement System of Texas bought a new position in shares of PAR Technology Corporation (NYSE:PAR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,308 shares of the software maker's stock, valued at approximately $326,000.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after acquiring an additional 168 shares in the last quarter. Signaturefd LLC grew its position in shares of 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 purchasing an additional 279 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in PAR Technology in the fourth quarter worth $28,000. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology in the fourth quarter worth $29,000. Finally, GAMMA Investing LLC grew its position in PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after acquiring an additional 488 shares in the last quarter.

Wall Street Analyst Weigh In

PAR has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. One investment 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, PAR Technology currently has an average rating of "Moderate Buy" and a consensus target price of $79.86.

PAR Technology Stock Up 0.4%

Shares of PAR stock traded up $0.28 during midday trading on Tuesday, reaching $70.44. 266,578 shares of the stock were exchanged, compared to its average volume of 431,793. The firm has a market cap of $2.85 billion, a PE ratio of -541.84 and a beta of 1.69. The company has a current ratio of 2.05, a quick ratio of 1.83 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 company's 50 day moving average is $67.01 and its two-hundred day moving average is $64.96.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The company's quarterly revenue was up 48.2% on a year-over-year basis. During the same period last year, the firm earned ($0.36) earnings per share. On average, equities research analysts predict that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Transactions at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value 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. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

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.