UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 17,292 Shares of PAR Technology Co. (NYSE:PAR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,186 shares of the software maker's stock after purchasing an additional 17,292 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of PAR Technology worth $6,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP bought a new position in shares of PAR Technology during the 4th quarter valued at about $297,000. Visionary Wealth Advisors lifted its stake in PAR Technology by 12.9% in the fourth quarter. Visionary Wealth Advisors now owns 378,896 shares of the software maker's stock valued at $27,534,000 after buying an additional 43,399 shares in the last quarter. Two Sigma Investments LP lifted its stake in PAR Technology by 359.1% in the fourth quarter. Two Sigma Investments LP now owns 17,905 shares of the software maker's stock valued at $1,301,000 after buying an additional 14,005 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of PAR Technology in the fourth quarter valued at approximately $207,000. Finally, ProShare Advisors LLC increased its position in shares of PAR Technology by 37.5% during the fourth quarter. ProShare Advisors LLC now owns 9,472 shares of the software maker's stock worth $688,000 after acquiring an additional 2,582 shares in the last quarter.

Insider Activity

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 transaction of $69,980.00. Following the transaction, the director now directly owns 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PAR has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Monday, May 12th. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group upped their price objective on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Wall Street Zen raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Stock Up 0.2%

Shares of NYSE PAR traded up $0.12 during mid-day trading on Wednesday, hitting $65.53. The company had a trading volume of 315,516 shares, compared to its average volume of 434,258. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $60.98 and a two-hundred day simple moving average of $67.27. The company has a market capitalization of $2.65 billion, a PE ratio of -262.11 and a beta of 1.76. PAR Technology Co. has a one year low of $41.86 and a one year high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's revenue was up 48.2% compared to the same quarter last year. During the same period last year, the company earned ($0.36) earnings per share. On average, equities analysts expect that PAR Technology Co. will post -1.47 EPS for the current year.

About PAR Technology

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.