TimesSquare Capital Management LLC Purchases 10,989 Shares of PAR Technology Corporation $PAR

TimesSquare Capital Management LLC boosted its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 464,914 shares of the software maker’s stock after buying an additional 10,989 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.15% of PAR Technology worth $32,251,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in PAR Technology by 13.0% during the 2nd quarter. ProShare Advisors LLC now owns 8,223 shares of the software maker’s stock valued at $570,000 after purchasing an additional 943 shares during the last quarter. Future Fund LLC bought a new position in shares of PAR Technology in the second quarter valued at about $920,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of PAR Technology by 20.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 115,109 shares of the software maker’s stock worth $7,985,000 after buying an additional 19,869 shares during the last quarter. Huntington National Bank lifted its stake in shares of PAR Technology by 66.2% during the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after buying an additional 174 shares during the last quarter. Finally, Redmond Asset Management LLC boosted its holdings in shares of PAR Technology by 9.9% during the 2nd quarter. Redmond Asset Management LLC now owns 76,472 shares of the software maker’s stock worth $5,305,000 after buying an additional 6,870 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on the company. William Blair restated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. The Goldman Sachs Group lowered their price objective on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Benchmark reduced their target price on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Weiss Ratings restated a “sell (d)” rating on shares of PAR Technology in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lowered their price target on shares of PAR Technology from $90.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.00.

PAR Technology Stock Up 0.7%

Shares of PAR opened at $38.98 on Wednesday. PAR Technology Corporation has a 52 week low of $32.56 and a 52 week high of $82.24. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -17.32 and a beta of 1.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. The stock has a fifty day moving average of $39.29 and a 200-day moving average of $54.47.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.PAR Technology’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. As a group, sell-side analysts anticipate 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.