Leo Wealth LLC Cuts Stock Position in PAR Technology Corporation $PAR

Leo Wealth LLC cut its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 50.9% during the second quarter, Holdings Channel reports. The firm owned 5,316 shares of the software maker’s stock after selling 5,500 shares during the quarter. Leo Wealth LLC’s holdings in PAR Technology were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased 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 period. Voss Capital LP increased its stake 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 worth $104,668,000 after purchasing an additional 246,362 shares during the period. Invesco Ltd. increased its stake in PAR Technology by 17.8% during the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock worth $92,767,000 after purchasing an additional 228,369 shares during the period. Reinhart Partners LLC. increased its stake in PAR Technology by 2.9% during the second quarter. Reinhart Partners LLC. now owns 883,792 shares of the software maker’s stock worth $61,310,000 after purchasing an additional 24,949 shares during the period. Finally, TimesSquare Capital Management LLC increased its stake in shares of PAR Technology by 11.6% during the first quarter. TimesSquare Capital Management LLC now owns 453,925 shares of the software maker’s stock worth $27,844,000 after buying an additional 47,340 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PAR shares. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, July 11th. BTIG Research upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of PAR Technology in a research note on Wednesday. Finally, Benchmark cut their target price on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Six investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.43.

PAR Technology Stock Performance

Shares of PAR opened at $36.16 on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -16.07 and a beta of 1.65. PAR Technology Corporation has a 52-week low of $35.99 and a 52-week high of $82.24. The stock has a 50 day moving average price of $46.62 and a 200 day moving average price of $57.74. 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 (NYSE:PAR) last posted its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $112.40 million during the quarter, compared to analyst estimates of $111.02 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. PAR Technology’s revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) earnings per share. Research analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

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.