PAR Technology Corporation (NYSE:PAR) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its position in PAR Technology Corporation (NYSE:PAR - Free Report) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 453,925 shares of the software maker's stock after purchasing an additional 47,340 shares during the period. TimesSquare Capital Management LLC owned about 1.12% of PAR Technology worth $27,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PAR. Invesco Ltd. raised its stake in shares of PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after buying an additional 644,920 shares during the period. Reinhart Partners LLC. raised its stake in PAR Technology by 15.0% during the 1st quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker's stock valued at $52,681,000 after purchasing an additional 112,183 shares during the period. Dimensional Fund Advisors LP raised its stake in PAR Technology by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock valued at $48,000,000 after purchasing an additional 26,008 shares during the period. Next Century Growth Investors LLC raised its stake in PAR Technology by 15.7% during the 4th quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker's stock valued at $37,683,000 after purchasing an additional 70,386 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in PAR Technology during the 4th quarter valued at approximately $33,011,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PAR shares. The Goldman Sachs Group lifted their target price on 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 issued a $90.00 price objective on shares of PAR Technology in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.86.

PAR Technology Trading Down 0.8%

Shares of PAR Technology stock traded down $0.53 on Tuesday, reaching $68.43. The company had a trading volume of 47,315 shares, compared to its average volume of 431,643. The firm's 50-day moving average price is $66.19 and its two-hundred day moving average price is $65.12. PAR Technology Corporation has a 1 year low of $43.50 and a 1 year high of $82.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -525.82 and a beta of 1.69.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The company had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. During the same quarter in the previous year, the business earned ($0.36) EPS. PAR Technology's revenue was up 48.2% compared to the same quarter last year. As a group, research analysts predict that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business's 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 approximately $822,964.80. The trade was a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by company 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.