LPL Financial LLC Grows Holdings in PAR Technology Co. (NYSE:PAR)

LPL Financial LLC boosted its holdings in shares of PAR Technology Co. (NYSE:PAR) by 201.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,991 shares of the software maker’s stock after acquiring an additional 59,469 shares during the period. LPL Financial LLC’s holdings in PAR Technology were worth $6,467,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after purchasing an additional 20,811 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock valued at $892,000 after buying an additional 974 shares in the last quarter. BNP Paribas Financial Markets raised its stake in PAR Technology by 40.6% during the third quarter. BNP Paribas Financial Markets now owns 17,924 shares of the software maker’s stock valued at $933,000 after buying an additional 5,174 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in PAR Technology by 8.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,894 shares of the software maker’s stock worth $3,484,000 after acquiring an additional 5,225 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of PAR Technology in the third quarter worth $1,328,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com raised PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum restated 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.86.

PAR Technology Stock Performance

PAR stock opened at $52.30 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The company has a market cap of $2.10 billion, a P/E ratio of -209.19 and a beta of 1.95. The stock’s fifty day moving average price is $64.95 and its 200-day moving average price is $66.96.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) 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 firm earned ($0.33) earnings per share. The company’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, equities analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

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.