9,900 Shares in PAR Technology Corporation $PAR Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC purchased a new position in shares of PAR Technology Corporation (NYSE:PAR) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 9,900 shares of the software maker’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in PAR Technology by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker’s stock worth $1,257,000 after purchasing an additional 168 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in PAR Technology by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,233 shares of the software maker’s stock worth $382,000 after purchasing an additional 234 shares during the period. Victory Capital Management Inc. increased its holdings in PAR Technology by 7.8% during the 1st quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker’s stock worth $291,000 after purchasing an additional 343 shares during the period. OneDigital Investment Advisors LLC increased its holdings in PAR Technology by 4.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,733 shares of the software maker’s stock worth $658,000 after purchasing an additional 432 shares during the period. Finally, Assetmark Inc. increased its holdings in PAR Technology by 161.7% during the 1st quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock worth $48,000 after purchasing an additional 485 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, July 11th. Benchmark reduced their price objective on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Finally, BTIG Research upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, August 15th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.43.

PAR Technology Trading Down 2.4%

Shares of NYSE:PAR opened at $46.86 on Wednesday. PAR Technology Corporation has a 12-month low of $46.24 and a 12-month high of $82.24. The business’s fifty day simple moving average is $59.12 and its 200-day simple moving average is $61.20. The company has a market capitalization of $1.90 billion, a PE ratio of -20.83 and a beta of 1.64. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The company had revenue of $112.40 million during the quarter, compared to analysts’ expectations of $111.02 million. During the same quarter in the prior year, the business posted ($0.23) earnings per share. The company’s revenue was up 43.8% compared to the same quarter last year. As a group, equities research analysts predict that PAR Technology Corporation will post -1.47 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.