Swiss National Bank Purchases 5,000 Shares of PAR Technology Co. (NYSE:PAR)

Swiss National Bank grew its position in PAR Technology Co. (NYSE:PAR) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,300 shares of the software maker’s stock after acquiring an additional 5,000 shares during the period. Swiss National Bank’s holdings in PAR Technology were worth $5,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bamco Inc. NY boosted its stake in PAR Technology by 15.2% in the third 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 in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of PAR Technology by 47.1% in 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 last quarter. Fred Alger Management LLC acquired a new position in PAR Technology during the 3rd quarter worth about $6,600,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in PAR Technology during the 4th quarter worth about $6,275,000. Finally, Geode Capital Management LLC increased its position in PAR Technology by 11.1% in 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 in the last quarter.

PAR Technology Trading Up 3.7 %

NYSE PAR opened at $64.05 on Tuesday. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The stock has a 50-day simple moving average of $67.23 and a 200 day simple moving average of $66.62. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2.58 billion, a PE ratio of -256.19 and a beta of 2.20.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) 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 company had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. During the same period last year, the company earned ($0.33) earnings per share. The business’s revenue was up 50.2% compared to the same quarter last year. Research analysts forecast that PAR Technology Co. will post -1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

PAR has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Stephens restated an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. One 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 stock. Based on data from MarketBeat, PAR Technology has a consensus rating of “Moderate Buy” and an average price target 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.