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

Bamco Inc. NY increased its position in shares of PAR Technology Co. (NYSE:PAR) by 15.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,170,908 shares of the software maker’s stock after purchasing an additional 154,921 shares during the quarter. Bamco Inc. NY owned 3.22% of PAR Technology worth $60,981,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology during the second quarter worth $32,000. Amalgamated Bank raised its stake in PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares during the period. nVerses Capital LLC bought a new position in PAR Technology in the third quarter worth about $125,000. RiverPark Advisors LLC acquired a new position in PAR Technology in the second quarter valued at approximately $191,000. Finally, Principal Financial Group Inc. bought a new position in shares of PAR Technology during the second quarter valued at approximately $211,000.

Wall Street Analyst Weigh In

PAR has been the topic of several recent research reports. StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, November 7th. Stephens raised their target price on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Craig Hallum boosted their price target 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 increased their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group raised 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.

PAR Technology Trading Up 1.3 %

Shares of NYSE:PAR opened at $81.14 on Monday. The company has a 50 day moving average of $63.55 and a 200-day moving average of $54.51. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.95 billion, a P/E ratio of -324.55 and a beta of 2.14. PAR Technology Co. has a twelve month low of $36.16 and a twelve month high of $82.24.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share 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 firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the firm posted ($0.35) earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, analysts anticipate that PAR Technology Co. will post -1.56 earnings per share for the current fiscal year.

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.