Russell Investments Group Ltd. Grows Holdings in PAR Technology Co. (NYSE:PAR)

Russell Investments Group Ltd. raised its position in PAR Technology Co. (NYSE:PAR - Free Report) by 10,370.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,376 shares of the software maker's stock after purchasing an additional 8,296 shares during the period. Russell Investments Group Ltd.'s holdings in PAR Technology were worth $609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new position in shares of PAR Technology during the 4th quarter valued at about $33,011,000. TimesSquare Capital Management LLC increased its stake in shares of PAR Technology by 47.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker's stock valued at $29,547,000 after acquiring an additional 130,121 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PAR Technology during the 4th quarter valued at about $6,275,000. Geode Capital Management LLC increased its stake in shares of PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock valued at $42,664,000 after acquiring an additional 81,551 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of PAR Technology by 201.4% during the 4th quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock valued at $6,467,000 after acquiring an additional 59,469 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAR. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reissued an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

PAR Technology Stock Down 0.4 %

NYSE:PAR traded down $0.26 during trading hours on Monday, hitting $59.55. The stock had a trading volume of 431,137 shares, compared to its average volume of 434,132. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24. The business has a 50 day simple moving average of $59.77 and a two-hundred day simple moving average of $67.09. The company has a market cap of $2.41 billion, a PE ratio of -238.19 and a beta of 1.95.

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

PAR Technology Company 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.