Raymond James Financial Inc. Invests $2.07 Million in PAR Technology Co. (NYSE:PAR)

Raymond James Financial Inc. bought a new position in shares of PAR Technology Co. (NYSE:PAR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 28,442 shares of the software maker's stock, valued at approximately $2,067,000. Raymond James Financial Inc. owned 0.07% of PAR Technology at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PAR. Invesco Ltd. lifted its stake in shares of PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after acquiring an additional 644,920 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of PAR Technology in the 4th quarter worth approximately $33,011,000. TimesSquare Capital Management LLC lifted its position in shares of PAR Technology by 47.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock worth $29,547,000 after purchasing an additional 130,121 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of PAR Technology during the fourth quarter worth $6,275,000. Finally, Renaissance Technologies LLC raised its stake in PAR Technology by 63.2% during the fourth quarter. Renaissance Technologies LLC now owns 180,700 shares of the software maker's stock worth $13,131,000 after buying an additional 70,000 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a "buy" rating 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 target on shares of PAR Technology in a report on Friday, February 28th. Finally, Stephens reiterated an "overweight" rating and issued a $90.00 price objective 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

PAR Technology Stock Up 1.4 %

Shares of NYSE:PAR traded up $0.84 during trading on Friday, reaching $60.50. 390,564 shares of the stock were exchanged, compared to its average volume of 436,122. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The stock has a fifty day moving average of $59.51 and a two-hundred day moving average of $67.03. 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 firm has a market cap of $2.45 billion, a price-to-earnings ratio of -241.99 and a beta of 1.95.

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 business had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business's quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) EPS. Research analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal 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.