Petrus Trust Company LTA Decreases Stock Holdings in PAR Technology Corporation $PAR

Petrus Trust Company LTA trimmed its stake in shares of PAR Technology Corporation (NYSE:PAR) by 12.6% in the 1st quarter, Holdings Channel reports. The firm owned 4,141 shares of the software maker’s stock after selling 595 shares during the period. Petrus Trust Company LTA’s holdings in PAR Technology were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $177,770,000 after buying an additional 69,546 shares during the period. Voss Capital LP grew its position in PAR Technology by 16.9% during the first 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 period. Invesco Ltd. grew its position in PAR Technology by 17.8% during the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock valued at $92,767,000 after buying an additional 228,369 shares during the period. Reinhart Partners LLC. grew its position in PAR Technology by 15.0% during the first quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker’s stock valued at $52,681,000 after buying an additional 112,183 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in PAR Technology by 11.6% during the first quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker’s stock valued at $27,844,000 after buying an additional 47,340 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PAR shares. BTIG Research upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, August 15th. Benchmark dropped their price target 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PAR Technology has an average rating of “Moderate Buy” and a consensus target price of $78.43.

PAR Technology Price Performance

PAR stock opened at $46.86 on Wednesday. PAR Technology Corporation has a one year low of $46.24 and a one year high of $82.24. The company’s fifty day moving average price is $59.12 and its 200-day moving average price is $61.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. The company has a market capitalization of $1.90 billion, a PE ratio of -20.83 and a beta of 1.64.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The company had revenue of $112.40 million during the quarter, compared to analysts’ expectations of $111.02 million. During the same period last year, the firm posted ($0.23) EPS. PAR Technology’s quarterly revenue was up 43.8% compared to the same quarter last year. On average, equities analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

About PAR Technology

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.