Inspire Investing LLC Boosts Holdings in PAR Technology Co. (NYSE:PAR)

Inspire Investing LLC raised its stake in shares of PAR Technology Co. (NYSE:PAR) by 6.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,935 shares of the software maker’s stock after acquiring an additional 454 shares during the period. Inspire Investing LLC’s holdings in PAR Technology were worth $413,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new position in PAR Technology during the second quarter valued at approximately $32,000. Amalgamated Bank grew its stake in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the period. NBC Securities Inc. purchased a new position in shares of PAR Technology during the 1st quarter valued at approximately $76,000. Central Pacific Bank Trust Division acquired a new position in shares of PAR Technology in the 1st quarter valued at $78,000. Finally, LRI Investments LLC purchased a new stake in PAR Technology during the first quarter worth $99,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PAR shares. Benchmark reiterated a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. Needham & Company LLC increased their price target on PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group increased their target price on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $60.00 in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and an average target price of $62.50.

PAR Technology Stock Performance

NYSE:PAR opened at $59.59 on Thursday. PAR Technology Co. has a twelve month low of $28.21 and a twelve month high of $59.68. The company has a market cap of $2.03 billion, a P/E ratio of -23.19 and a beta of 2.16. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $54.06 and its 200-day moving average price is $48.69.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. 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 firm earned ($0.65) earnings per share. On average, sell-side analysts forecast that PAR Technology Co. will post -1.67 earnings per share for the current fiscal 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.