Janney Montgomery Scott LLC Boosts Stock Position in PAR Technology Co. (NYSE:PAR)

Janney Montgomery Scott LLC grew its stake in PAR Technology Co. (NYSE:PAR) by 18.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,715 shares of the software maker’s stock after purchasing an additional 1,663 shares during the period. Janney Montgomery Scott LLC’s holdings in PAR Technology were worth $779,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in PAR Technology in the third quarter worth $125,000. Victory Capital Management Inc. boosted its holdings in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 shares in the last quarter. RiverPark Advisors LLC increased its stake in PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after purchasing an additional 865 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of PAR Technology in the third quarter valued at about $308,000. Finally, Creative Planning acquired a new stake in shares of PAR Technology in the third quarter worth $316,000.

PAR Technology Trading Down 1.0 %

PAR opened at $71.56 on Friday. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -286.24 and a beta of 2.22. 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 business has a fifty day moving average price of $74.17 and a 200 day moving average price of $63.64.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results 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 the consensus estimate of $91.01 million. During the same period in the previous year, the business earned ($0.35) EPS. PAR Technology’s revenue for the quarter was down 9.6% on a year-over-year basis. Sell-side analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAR. Craig Hallum lifted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. Lake Street Capital lifted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, January 3rd. Stephens raised their price target on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PAR Technology currently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology 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.