27,362 Shares in PAR Technology Co. (NYSE:PAR) Bought by DHK Financial Advisors Inc.

DHK Financial Advisors Inc. purchased a new stake in PAR Technology Co. (NYSE:PAR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,362 shares of the software maker’s stock, valued at approximately $1,288,000. PAR Technology makes up about 0.9% of DHK Financial Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. DHK Financial Advisors Inc. owned 0.08% of PAR Technology as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology in the second quarter valued at $32,000. NBC Securities Inc. purchased a new stake in shares of PAR Technology in the first quarter valued at about $76,000. Central Pacific Bank Trust Division bought a new position in shares of PAR Technology during the first quarter valued at about $78,000. LRI Investments LLC purchased a new position in PAR Technology during the first quarter worth about $99,000. Finally, RiverPark Advisors LLC bought a new stake in PAR Technology in the 2nd quarter worth about $191,000.

PAR Technology Stock Performance

PAR Technology stock opened at $56.11 on Tuesday. The firm’s 50 day simple moving average is $51.96 and its 200 day simple moving average is $46.84. The firm has a market capitalization of $2.04 billion, a PE ratio of -21.83 and a beta of 2.17. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. PAR Technology Co. has a 1-year low of $28.21 and a 1-year high of $56.75.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The business had revenue of $78.20 million during the quarter, compared to the consensus estimate of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. PAR Technology’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.65) earnings per share. As a group, analysts expect that PAR Technology Co. will post -1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PAR has been the topic of a number of research analyst reports. Needham & Company LLC boosted their target price on PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Benchmark reissued a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. StockNews.com raised PAR Technology to a “sell” rating in a research report on Friday, August 23rd. The Goldman Sachs Group boosted their price target on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.