Roubaix Capital LLC Buys 8,411 Shares of PAR Technology Co. (NYSE:PAR)

Roubaix Capital LLC increased its stake in PAR Technology Co. (NYSE:PAR) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,464 shares of the software maker’s stock after purchasing an additional 8,411 shares during the quarter. PAR Technology accounts for 2.5% of Roubaix Capital LLC’s portfolio, making the stock its 12th largest position. Roubaix Capital LLC’s holdings in PAR Technology were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of PAR Technology by 9.0% during the 4th quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after purchasing an additional 173,575 shares during the period. BNP Paribas Financial Markets increased its holdings in PAR Technology by 87.6% during the first quarter. BNP Paribas Financial Markets now owns 13,367 shares of the software maker’s stock valued at $606,000 after buying an additional 6,242 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in PAR Technology in the first quarter worth approximately $242,000. Central Pacific Bank Trust Division bought a new position in PAR Technology in the first quarter worth approximately $78,000. Finally, Swiss National Bank boosted its stake in shares of PAR Technology by 2.2% during the 1st quarter. Swiss National Bank now owns 55,300 shares of the software maker’s stock worth $2,508,000 after acquiring an additional 1,200 shares during the last quarter.

PAR Technology Trading Down 1.1 %

Shares of PAR opened at $60.00 on Thursday. PAR Technology Co. has a 1 year low of $28.63 and a 1 year high of $62.38. The company has a 50 day simple moving average of $55.52 and a two-hundred day simple moving average of $49.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The firm has a market cap of $2.18 billion, a P/E ratio of -242.84 and a beta of 2.16.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.65) earnings per share. On average, equities analysts expect that PAR Technology Co. will post -1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on PAR. Needham & Company LLC raised their target price on PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their price objective on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Benchmark restated a “buy” rating and set a $69.00 target price on shares of PAR Technology in a research note on Friday, August 9th. Finally, Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $60.00 in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.17.

PAR Technology 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.