PAR Technology Co. (NYSE:PAR) Stock Holdings Lifted by Bamco Inc. NY

Bamco Inc. NY lifted its stake in shares of PAR Technology Co. (NYSE:PAR) by 15.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,170,908 shares of the software maker’s stock after acquiring an additional 154,921 shares during the quarter. Bamco Inc. NY’s holdings in PAR Technology were worth $60,981,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PAR. Vanguard Group Inc. lifted its holdings in shares of PAR Technology by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after purchasing an additional 50,793 shares during the last quarter. Progeny 3 Inc. lifted its stake in PAR Technology by 10.9% during the second quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after buying an additional 129,810 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of PAR Technology by 2.6% in the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after buying an additional 30,000 shares during the period. Reinhart Partners LLC. increased its position in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock worth $49,308,000 after acquiring an additional 57,049 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of PAR Technology by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 589,839 shares of the software maker’s stock worth $27,775,000 after acquiring an additional 9,972 shares in the last quarter.

PAR Technology Trading Up 1.3 %

Shares of NYSE:PAR opened at $81.14 on Monday. The stock has a market capitalization of $2.95 billion, a PE ratio of -324.55 and a beta of 2.14. PAR Technology Co. has a one year low of $36.16 and a one year high of $82.24. The company’s 50-day moving average price is $63.55 and its two-hundred day moving average price is $54.51. 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 (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The business’s revenue was down 9.6% on a year-over-year basis. On average, equities analysts forecast that PAR Technology Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PAR has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. StockNews.com raised PAR Technology to a “sell” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on PAR Technology from $59.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Tuesday, November 26th. Finally, Benchmark lifted their target price on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and a consensus price target of $78.25.

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.