TimesSquare Capital Management LLC Has $27.84 Million Holdings in PAR Technology Corporation (NYSE:PAR)

TimesSquare Capital Management LLC increased its position in PAR Technology Corporation (NYSE:PAR - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 453,925 shares of the software maker's stock after buying an additional 47,340 shares during the quarter. TimesSquare Capital Management LLC owned about 1.12% of PAR Technology worth $27,844,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of PAR Technology by 8,631.3% during the first quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker's stock valued at $86,000 after purchasing an additional 1,381 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of PAR Technology during the fourth quarter valued at $350,000. Deutsche Bank AG lifted its holdings in shares of PAR Technology by 97.2% during the fourth quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock valued at $2,824,000 after purchasing an additional 19,159 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock valued at $43,000 after purchasing an additional 488 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of PAR Technology by 201.4% during the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock valued at $6,467,000 after purchasing an additional 59,469 shares during the last quarter.

Insiders Place Their Bets

In other PAR Technology 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 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. This trade represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

PAR Technology Stock Up 0.8%

PAR stock traded up $0.58 during mid-day trading on Thursday, hitting $69.77. The stock had a trading volume of 241,380 shares, compared to its average volume of 430,556. 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 has a fifty day moving average of $66.68 and a 200 day moving average of $65.14. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -537.32 and a beta of 1.69.

PAR Technology (NYSE:PAR - Get Free Report) last issued its 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 company had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The business's revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.36) EPS. On average, equities analysts expect that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PAR. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. The Goldman Sachs Group upped their price target on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.