Willis Investment Counsel Raises Holdings in PAR Technology Co. (NYSE:PAR)

Willis Investment Counsel lifted its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 50.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,104 shares of the software maker's stock after purchasing an additional 5,071 shares during the period. Willis Investment Counsel's holdings in PAR Technology were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of PAR Technology by 1.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock worth $1,257,000 after purchasing an additional 168 shares during the last quarter. Signaturefd LLC grew its holdings in shares of PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE grew its holdings in shares of PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after purchasing an additional 341 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of PAR Technology by 7.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after purchasing an additional 343 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology during the fourth quarter worth about $28,000.

Insider Buying and Selling

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the company'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 now owns 11,760 shares in the company, valued at $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

PAR Technology Stock Up 0.7%

Shares of NYSE PAR traded up $0.42 during midday trading on Monday, hitting $62.65. 685,586 shares of the stock traded hands, compared to its average volume of 433,748. The company has a market cap of $2.54 billion, a PE ratio of -250.59 and a beta of 1.70. PAR Technology Co. has a one year low of $41.86 and a one year high of $82.24. The business has a 50 day moving average price of $62.51 and a two-hundred day moving average price of $66.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

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, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the company posted ($0.36) earnings per share. The company's quarterly revenue was up 48.2% on a year-over-year basis. On average, equities analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAR. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Wall Street Zen raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Benchmark reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $79.86.

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.