PAR Technology Co. (NYSE:PAR) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in PAR Technology Co. (NYSE:PAR) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 352,079 shares of the software maker’s stock after acquiring an additional 24,248 shares during the period. Northern Trust Corp owned 0.91% of PAR Technology worth $25,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker’s stock valued at $1,257,000 after acquiring an additional 168 shares during the period. Signaturefd LLC increased its position in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after acquiring an additional 279 shares during the period. US Bancorp DE boosted its holdings in PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after purchasing an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock valued at $361,000 after purchasing an additional 343 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology in the 4th quarter valued at approximately $28,000.

PAR Technology Trading Up 3.7%

Shares of PAR Technology stock opened at $64.72 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 $41.27 and a 1 year high of $82.24. The company has a market capitalization of $2.62 billion, a P/E ratio of -258.87 and a beta of 1.76. The business has a 50 day moving average price of $59.24 and a 200 day moving average price of $67.17.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period in the previous year, the firm posted ($0.36) EPS. The company’s quarterly revenue was up 48.2% compared to the same quarter last year. Sell-side analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAR. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised PAR Technology to a “sell” rating in a research note on Monday, March 3rd. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an “overweight” rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.86.

About PAR Technology

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.