Blair William & Co. IL Purchases 55,204 Shares of PAR Technology Co. (NYSE:PAR)

Blair William & Co. IL grew its holdings in PAR Technology Co. (NYSE:PAR) by 74.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,937 shares of the software maker’s stock after acquiring an additional 55,204 shares during the quarter. Blair William & Co. IL’s holdings in PAR Technology were worth $9,370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in PAR Technology in the 4th quarter worth about $29,000. Signaturefd LLC raised its position in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after buying an additional 279 shares in the last quarter. US Bancorp DE boosted its stake in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after buying an additional 341 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology during the fourth quarter worth approximately $113,000. Finally, KBC Group NV increased its stake in PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after acquiring an additional 400 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAR. The Goldman Sachs Group upped their target price on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Monday, March 3rd. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.86.

PAR Technology Trading Down 1.9 %

PAR opened at $61.42 on Friday. The company has a market cap of $2.47 billion, a P/E ratio of -245.65 and a beta of 2.20. 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 company’s 50 day moving average is $66.31 and its 200-day moving average is $66.79. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The company had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.33) EPS. Equities research analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.