Blair William & Co. IL Sells 2,050 Shares of PAR Technology Corporation (NYSE:PAR)

by · The Cerbat Gem

Blair William & Co. IL cut its stake in shares of PAR Technology Corporation (NYSE:PAR – Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,887 shares of the software maker’s stock after selling 2,050 shares during the quarter. Blair William & Co. IL owned 0.31% of PAR Technology worth $7,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of PAR Technology by 1,787.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,247 shares of the software maker’s stock valued at $199,000 after purchasing an additional 3,075 shares during the last quarter. Commerce Bank bought a new stake in shares of PAR Technology during the 1st quarter valued at approximately $267,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of PAR Technology during the 1st quarter valued at approximately $72,000. Assetmark Inc. grew its holdings in shares of PAR Technology by 161.7% during the 1st 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 last quarter. Finally, GW&K Investment Management LLC bought a new stake in shares of PAR Technology during the 1st quarter valued at approximately $24,018,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and a consensus price target of $79.86.

View Our Latest Stock Report on PAR Technology

Insider Activity

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the transaction, the director owned 11,760 shares in the company, valued at approximately $822,964.80. The trade was a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

PAR Technology Trading Down 1.1%

PAR opened at $59.94 on Wednesday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -461.08 and a beta of 1.70. PAR Technology Corporation has a fifty-two week low of $44.29 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83. The company’s 50 day moving average price is $66.28 and its two-hundred day moving average price is $64.52.

PAR Technology (NYSE:PAR – Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.36) EPS. As a group, research analysts predict that PAR Technology Corporation will post -1.47 earnings per share for the current year.

About PAR Technology

(Free Report)

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.

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