28,442 Shares in PAR Technology Co. (NYSE:PAR) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in PAR Technology Co. (NYSE:PAR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,442 shares of the software maker's stock, valued at approximately $2,067,000. Raymond James Financial Inc. owned about 0.07% of PAR Technology at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in PAR Technology by 63.2% in the fourth quarter. Renaissance Technologies LLC now owns 180,700 shares of the software maker's stock valued at $13,131,000 after acquiring an additional 70,000 shares during the last quarter. Invesco Ltd. boosted its stake in shares of PAR Technology by 100.9% in the 4th quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock valued at $93,307,000 after purchasing an additional 644,920 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology during the 4th quarter valued at approximately $28,000. Russell Investments Group Ltd. increased its position in PAR Technology by 10,370.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,376 shares of the software maker's stock worth $609,000 after purchasing an additional 8,296 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in PAR Technology by 164.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,177 shares of the software maker's stock valued at $2,193,000 after purchasing an additional 18,763 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PAR shares. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Monday, March 3rd. Citigroup reissued a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Stephens reaffirmed an "overweight" rating and set a $90.00 price target 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 assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Trading Up 0.8 %

PAR stock traded up $0.51 during mid-day trading on Tuesday, reaching $60.35. The company's stock had a trading volume of 220,706 shares, compared to its average volume of 436,225. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. 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 business's 50 day moving average price is $59.45 and its 200 day moving average price is $67.07. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -241.38 and a beta of 1.76.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's revenue was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) EPS. On average, equities research analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

PAR Technology 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.