Northern Trust Corp Purchases 24,248 Shares of PAR Technology Co. (NYSE:PAR)

Northern Trust Corp grew its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,079 shares of the software maker's stock after acquiring an additional 24,248 shares during the quarter. Northern Trust Corp owned 0.91% of PAR Technology worth $25,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PAR. Barclays PLC boosted its holdings in PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after purchasing an additional 51,578 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of PAR Technology by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock worth $903,000 after buying an additional 932 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after buying an additional 13,200 shares during the last quarter. Yarbrough Capital LLC boosted its stake in shares of PAR Technology by 61.9% in the 4th quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker's stock worth $917,000 after buying an additional 4,820 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of PAR Technology by 18.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock valued at $779,000 after acquiring an additional 1,663 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group lifted their price target on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday. Citigroup reiterated 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 report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Monday. Finally, StockNews.com raised shares of 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 assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.86.

PAR Technology Stock Performance

NYSE:PAR traded down $0.21 on Wednesday, reaching $69.19. 399,372 shares of the company's stock were exchanged, compared to its average volume of 437,304. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -276.75 and a beta of 1.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock has a fifty day simple moving average of $59.53 and a 200-day simple moving average of $67.26. PAR Technology Co. has a 52 week low of $41.86 and a 52 week high of $82.24.

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 the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period last year, the firm earned ($0.36) EPS. PAR Technology's revenue for the quarter was up 48.2% on a year-over-year basis. As a group, sell-side analysts predict that PAR Technology Co. will post -1.47 earnings per share 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.