Northern Trust Corp Raises Position in PAR Technology Co. (NYSE:PAR)

Northern Trust Corp grew its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 352,079 shares of the software maker's stock after acquiring an additional 24,248 shares during the period. Northern Trust Corp owned 0.91% of PAR Technology worth $25,586,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PAR. The Manufacturers Life Insurance Company lifted its holdings in PAR Technology by 1.0% during the 4th 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 in the last quarter. Signaturefd LLC lifted its holdings in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE boosted its position in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock valued at $49,000 after acquiring an additional 341 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of PAR Technology by 7.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock valued at $361,000 after acquiring an additional 343 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in PAR Technology during the fourth quarter valued at approximately $28,000.

PAR Technology Trading Down 0.0%

PAR traded down $0.02 during trading on Friday, hitting $69.47. 75,944 shares of the stock traded hands, compared to its average volume of 451,539. The firm has a market capitalization of $2.81 billion, a P/E ratio of -277.85 and a beta of 1.76. The firm has a 50-day moving average of $59.67 and a 200 day moving average of $67.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 12-month low of $41.85 and a 12-month 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) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $103.86 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted ($0.36) EPS. Equities research analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of recent analyst reports. Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Monday. Finally, Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One equities research 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 data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and an average 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.