New York State Common Retirement Fund Boosts Holdings in PAR Technology Co. (NYSE:PAR)

New York State Common Retirement Fund lifted its stake in PAR Technology Co. (NYSE:PAR) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,984 shares of the software maker’s stock after purchasing an additional 5,542 shares during the period. New York State Common Retirement Fund’s holdings in PAR Technology were worth $3,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royce & Associates LP lifted its position in shares of PAR Technology by 2.6% in the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after purchasing an additional 30,000 shares during the period. Bamco Inc. NY lifted its position in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after purchasing an additional 154,921 shares during the period. State Street Corp lifted its position in shares of PAR Technology by 1.2% in the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker’s stock worth $46,108,000 after purchasing an additional 10,582 shares during the period. Geode Capital Management LLC lifted its position in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after acquiring an additional 81,551 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after acquiring an additional 20,811 shares during the period.

Analysts Set New Price Targets

PAR has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating on shares of PAR Technology in a research report on Friday. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research report on Friday. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Up 13.5 %

NYSE:PAR opened at $68.88 on Friday. The firm has a market cap of $2.67 billion, a P/E ratio of -275.50 and a beta of 2.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The firm has a 50-day simple moving average of $70.50 and a two-hundred day simple moving average of $65.35.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter in the prior year, the business posted ($0.33) earnings per share. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. Analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

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.