Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in PAR Technology Corporation $PAR

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PAR Technology Corporation (NYSE:PAR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,035 shares of the software maker’s stock, valued at approximately $280,000.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of PAR Technology by 7.8% in the 1st quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker’s stock valued at $291,000 after acquiring an additional 343 shares during the period. Assetmark Inc. increased its stake in PAR Technology by 161.7% in the first quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock valued at $48,000 after purchasing an additional 485 shares during the period. Commerce Bank acquired a new position in PAR Technology in the first quarter valued at $267,000. PNC Financial Services Group Inc. raised its holdings in shares of PAR Technology by 1,787.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,247 shares of the software maker’s stock valued at $199,000 after buying an additional 3,075 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of PAR Technology by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker’s stock worth $177,770,000 after buying an additional 69,546 shares during the period.

Analyst Ratings Changes

Several research firms have commented on PAR. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of PAR Technology in a research note on Thursday, November 13th. BTIG Research lowered their target price on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Benchmark dropped their price target on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Finally, The Goldman Sachs Group decreased their price target on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

PAR Technology Stock Performance

Shares of PAR stock opened at $34.51 on Friday. PAR Technology Corporation has a 1 year low of $31.65 and a 1 year high of $82.24. The stock has a market cap of $1.40 billion, a PE ratio of -15.34 and a beta of 1.63. The stock has a fifty day moving average price of $36.69 and a 200 day moving average price of $52.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The business had revenue of $119.18 million during the quarter, compared to analysts’ expectations of $112.23 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. PAR Technology’s quarterly revenue was up 23.1% on a year-over-year basis. Sell-side analysts forecast that PAR Technology Corporation 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.