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

Teacher Retirement System of Texas bought a new stake in PAR Technology Corporation (NYSE:PAR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,308 shares of the software maker's stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC boosted its position in shares of PAR Technology by 3.4% during the first quarter. Peregrine Capital Management LLC now owns 193,322 shares of the software maker's stock worth $11,858,000 after purchasing an additional 6,342 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in PAR Technology by 15.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,353 shares of the software maker's stock worth $758,000 after buying an additional 1,638 shares during the period. Willis Investment Counsel lifted its holdings in PAR Technology by 50.5% during the first quarter. Willis Investment Counsel now owns 15,104 shares of the software maker's stock worth $926,000 after acquiring an additional 5,071 shares in the last quarter. SG Americas Securities LLC lifted its holdings in PAR Technology by 94.1% during the first quarter. SG Americas Securities LLC now owns 17,398 shares of the software maker's stock worth $1,067,000 after acquiring an additional 8,436 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in 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 acquiring an additional 488 shares during the period.

PAR Technology Stock Performance

Shares of PAR Technology stock traded down $0.44 during trading on Friday, hitting $69.39. 305,694 shares of the stock were exchanged, compared to its average volume of 432,142. PAR Technology Corporation has a 1-year low of $43.50 and a 1-year high of $82.24. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -533.77 and a beta of 1.69. The company has a fifty day moving average price of $66.93 and a 200-day moving average price of $65.04. 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 (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The firm had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. During the same period in the previous year, the business posted ($0.36) earnings per share. The company's revenue for the quarter was up 48.2% compared to the same quarter last year. As a group, equities analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of PAR Technology stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the transaction, the director directly owned 11,760 shares of the company's stock, valued at $822,964.80. The trade was a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

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.