RiverPark Advisors LLC Has $221,000 Holdings in PAR Technology Corporation $PAR

RiverPark Advisors LLC lessened its stake in shares of PAR Technology Corporation (NYSE:PAR) by 32.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,184 shares of the software maker’s stock after selling 1,549 shares during the period. RiverPark Advisors LLC’s holdings in PAR Technology were worth $221,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of PAR Technology by 7.8% during the first quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker’s stock valued at $291,000 after acquiring an additional 343 shares during the period. Assetmark Inc. increased its position in shares of PAR Technology by 161.7% during the 1st quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock worth $48,000 after purchasing an additional 485 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in PAR Technology during the 1st quarter valued at about $72,000. Commerce Bank acquired a new position in PAR Technology in the first quarter valued at about $267,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of PAR Technology by 1,787.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,247 shares of the software maker’s stock worth $199,000 after buying an additional 3,075 shares in the last quarter.

PAR Technology Stock Performance

PAR Technology stock opened at $34.10 on Wednesday. PAR Technology Corporation has a 1 year low of $31.65 and a 1 year high of $82.24. The company’s 50-day moving average is $37.19 and its two-hundred day moving average is $52.71. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.38 billion, a PE ratio of -15.16 and a beta of 1.63.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) earnings per share. Equities analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 13th. BTIG Research lowered their target price on PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a report on Wednesday, November 19th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of PAR Technology in a report on Thursday, November 13th. Finally, Benchmark lowered their price objective on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.00.

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.