PAR Technology Corporation $PAR Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 942,503 shares of the software maker's stock after buying an additional 110,160 shares during the period. Geode Capital Management LLC owned about 2.33% of PAR Technology worth $65,389,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in PAR Technology by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock worth $177,770,000 after purchasing an additional 69,546 shares during the last quarter. Voss Capital LP grew its position in shares of PAR Technology by 16.9% during the 1st quarter. Voss Capital LP now owns 1,706,362 shares of the software maker's stock valued at $104,668,000 after buying an additional 246,362 shares during the last quarter. Invesco Ltd. increased its holdings in shares of PAR Technology by 17.8% in the 1st quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock worth $92,767,000 after acquiring an additional 228,369 shares during the period. Reinhart Partners LLC. increased its stake in PAR Technology by 2.9% during the 2nd quarter. Reinhart Partners LLC. now owns 883,792 shares of the software maker's stock valued at $61,310,000 after buying an additional 24,949 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of PAR Technology by 2.4% in the second quarter. TimesSquare Capital Management LLC now owns 464,914 shares of the software maker's stock valued at $32,251,000 after acquiring an additional 10,989 shares in the last quarter.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $33.49 on Monday. The stock's fifty day simple moving average is $37.56 and its 200 day simple moving average is $53.13. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -14.88 and a beta of 1.63. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. PAR Technology Corporation has a 52-week low of $31.65 and a 52-week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The company 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 revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. As a group, sell-side analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAR. William Blair reissued an "outperform" rating on shares of PAR Technology in a report on Tuesday, October 14th. The Goldman Sachs Group dropped their price objective on PAR Technology from $50.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, October 13th. Benchmark decreased their target price on PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of PAR Technology in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of PAR Technology in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Check Out Our Latest Stock Analysis on PAR

PAR Technology 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.

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