Lowell Blake & Associates Inc. Has $6.61 Million Stock Position in PAR Technology Co. (NYSE:PAR)

Lowell Blake & Associates Inc. decreased its position in shares of PAR Technology Co. (NYSE:PAR) by 6.8% in the third quarter, Holdings Channel.com reports. The firm owned 107,492 shares of the software maker’s stock after selling 7,873 shares during the period. PAR Technology comprises 3.1% of Lowell Blake & Associates Inc.’s holdings, making the stock its 16th largest holding. Lowell Blake & Associates Inc.’s holdings in PAR Technology were worth $6,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chiron Investment Management LLC acquired a new stake in PAR Technology during the second quarter valued at $114,000. Ameritas Investment Partners Inc. boosted its position in PAR Technology by 16.5% during the second quarter. Ameritas Investment Partners Inc. now owns 1,860 shares of the software maker’s stock valued at $130,000 after purchasing an additional 264 shares during the last quarter. L & S Advisors Inc acquired a new stake in PAR Technology during the second quarter valued at $224,000. Royal Bank of Canada boosted its position in PAR Technology by 24.3% during the first quarter. Royal Bank of Canada now owns 3,238 shares of the software maker’s stock valued at $212,000 after purchasing an additional 633 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in PAR Technology by 17.7% during the second quarter. Legal & General Group Plc now owns 3,552 shares of the software maker’s stock valued at $248,000 after purchasing an additional 533 shares during the last quarter. 96.46% of the stock is owned by hedge funds and other institutional investors.

PAR stock opened at $55.20 on Friday. The business’s fifty day moving average is $64.08 and its 200-day moving average is $64.72. The company has a quick ratio of 2.44, a current ratio of 4.90 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.48 billion, a P/E ratio of -21.23 and a beta of 1.84. PAR Technology Co. has a twelve month low of $52.99 and a twelve month high of $90.35.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Tuesday, November 9th. The software maker reported ($1.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.51). The company had revenue of $77.86 million during the quarter, compared to analyst estimates of $71.69 million. PAR Technology had a negative net margin of 24.30% and a negative return on equity of 17.51%. Research analysts anticipate that PAR Technology Co. will post -2.13 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut PAR Technology from a “hold” rating to a “sell” rating in a research report on Friday, November 19th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $101.75.

About PAR Technology

PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries.

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Institutional Ownership by Quarter for PAR Technology (NYSE:PAR)

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