PAR Technology Co. (NYSE:PAR) Stock Holdings Lifted by Sei Investments Co.

Sei Investments Co. lifted its position in PAR Technology Co. (NYSE:PAR) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,214 shares of the software maker’s stock after acquiring an additional 832 shares during the quarter. Sei Investments Co.’s holdings in PAR Technology were worth $2,777,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in PAR Technology by 1.2% during the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after purchasing an additional 10,582 shares during the period. Geode Capital Management LLC grew its holdings in shares of PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after buying an additional 81,551 shares in the last quarter. TimesSquare Capital Management LLC raised its position in PAR Technology by 47.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 406,585 shares of the software maker’s stock valued at $29,547,000 after buying an additional 130,121 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in PAR Technology by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after acquiring an additional 20,811 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in PAR Technology by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker’s stock worth $13,588,000 after acquiring an additional 3,303 shares during the period.

PAR Technology Stock Performance

Shares of PAR opened at $52.30 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company’s fifty day moving average is $64.95 and its 200-day moving average is $66.82. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -209.19 and a beta of 2.20.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Finally, Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have 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 an average target price of $81.86.

PAR Technology Company 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.