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Charles Schwab Investment Management Inc. increased its holdings in PAR Technology Co. (NYSE:PAR – Free Report) by 3.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 210,556 shares of the software maker’s stock after acquiring an additional 6,489 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PAR Technology were worth $8,115,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in PAR Technology by 3.0% in the fourth quarter. Legal & General Group Plc now owns 9,734 shares of the software maker’s stock valued at $254,000 after acquiring an additional 279 shares during the last quarter. Macquarie Group Ltd. increased its stake in PAR Technology by 1.0% in the second quarter. Macquarie Group Ltd. now owns 52,747 shares of the software maker’s stock valued at $1,978,000 after acquiring an additional 545 shares during the last quarter. Swiss National Bank increased its stake in PAR Technology by 1.0% in the second quarter. Swiss National Bank now owns 59,500 shares of the software maker’s stock valued at $1,959,000 after acquiring an additional 600 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of PAR Technology by 82.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,398 shares of the software maker’s stock valued at $48,000 after buying an additional 631 shares during the last quarter. Finally, Credit Suisse AG grew its stake in shares of PAR Technology by 2.2% during the first quarter. Credit Suisse AG now owns 31,549 shares of the software maker’s stock valued at $1,071,000 after buying an additional 684 shares during the last quarter.
PAR Technology Stock Down 2.0 %
NYSE PAR opened at $42.95 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.25 and a quick ratio of 1.89. The stock has a market capitalization of $1.20 billion, a PE ratio of -16.97 and a beta of 2.02. PAR Technology Co. has a 1 year low of $24.76 and a 1 year high of $49.84. The business’s 50-day moving average is $44.80 and its 200 day moving average is $40.75.
Insiders Place Their Bets
In other PAR Technology news, Director Douglas Gregory Rauch sold 4,200 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $39.89, for a total value of $167,538.00. Following the completion of the sale, the director now directly owns 20,865 shares in the company, valued at $832,304.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.67% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on PAR. Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 price objective (up from $47.00) on shares of PAR Technology in a research note on Tuesday. Benchmark began coverage on PAR Technology in a research note on Tuesday, February 13th. They set a “hold” rating on the stock. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, January 11th. Sidoti cut PAR Technology from a “buy” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, TheStreet raised PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.50.
Read Our Latest Analysis on PAR
About PAR Technology
PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers Punchh, an enterprise-grade customer loyalty and engagement solution; MENU, an omnichannel digital ordering solution; Brink POS, an open cloud, point-of-sale solution; Menu, a digital ordering solution; PAR Payment Services, a transaction-based payment processing service; and Data Central, a cloud software solution for back-office applications.
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