PAR Technology Co. (NYSE:PAR) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP boosted its stake in shares of PAR Technology Co. (NYSE:PARFree Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,950 shares of the software maker’s stock after buying an additional 2,502 shares during the quarter. CenterBook Partners LP owned 0.15% of PAR Technology worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Swiss National Bank increased its stake in PAR Technology by 1.3% in the 3rd quarter. Swiss National Bank now owns 60,300 shares of the software maker’s stock valued at $2,324,000 after purchasing an additional 800 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of PAR Technology by 4.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 76,419 shares of the software maker’s stock worth $2,945,000 after buying an additional 3,103 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PAR Technology by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 210,556 shares of the software maker’s stock worth $8,115,000 after buying an additional 6,489 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in PAR Technology in the 3rd quarter valued at about $264,000. Finally, Deutsche Bank AG raised its position in PAR Technology by 15.1% during the third quarter. Deutsche Bank AG now owns 13,129 shares of the software maker’s stock worth $506,000 after acquiring an additional 1,723 shares during the last quarter.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total transaction of $189,180.00. Following the completion of the sale, the director now directly owns 14,365 shares in the company, valued at $603,904.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Bryan A. Menar sold 803 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas Gregory Rauch sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total value of $189,180.00. Following the transaction, the director now directly owns 14,365 shares in the company, valued at $603,904.60. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

PAR Technology Trading Down 1.6 %

Shares of PAR traded down $0.70 during mid-day trading on Friday, hitting $42.94. The company had a trading volume of 221,095 shares, compared to its average volume of 393,031. PAR Technology Co. has a 1-year low of $28.21 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.07 and a quick ratio of 1.81. The business’s 50-day simple moving average is $44.00 and its 200-day simple moving average is $43.45.

PAR Technology (NYSE:PARGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The company had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $111.00 million. PAR Technology had a negative net margin of 17.14% and a negative return on equity of 14.53%. On average, research analysts predict that PAR Technology Co. will post -1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of PAR Technology in a research note on Tuesday, March 12th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, March 7th. TheStreet upgraded PAR Technology from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, March 12th. Finally, Benchmark upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

View Our Latest Stock Analysis on PAR

PAR Technology Profile

(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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Institutional Ownership by Quarter for PAR Technology (NYSE:PAR)

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