Asset Management One Co. Ltd. Lowers Stock Holdings in PAR Technology Co. (NYSE:PAR)

Asset Management One Co. Ltd. lessened its holdings in shares of PAR Technology Co. (NYSE:PAR) by 5.4% during the third quarter, HoldingsChannel reports. The firm owned 6,010 shares of the software maker’s stock after selling 344 shares during the quarter. Asset Management One Co. Ltd.’s holdings in PAR Technology were worth $313,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank increased its stake in PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after purchasing an additional 237 shares during the last quarter. Inspire Investing LLC increased its stake in shares of PAR Technology by 6.1% during the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after acquiring an additional 454 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of PAR Technology by 8.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock worth $372,000 after acquiring an additional 610 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the second quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in PAR Technology by 14.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock valued at $348,000 after purchasing an additional 954 shares during the period.

Analyst Ratings Changes

PAR has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. Needham & Company LLC upped their price target on PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Benchmark restated a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a report on Friday, August 9th. Finally, Stephens boosted their target price on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.17.

PAR Technology Stock Performance

Shares of NYSE:PAR opened at $74.24 on Monday. The business’s 50-day simple moving average is $57.04 and its 200 day simple moving average is $51.02. The company has a market cap of $2.69 billion, a P/E ratio of -296.95 and a beta of 2.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. PAR Technology Co. has a one year low of $31.57 and a one year high of $74.64.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.65) EPS. On average, sell-side analysts forecast that PAR Technology Co. will post -1.67 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.