Future Fund LLC Invests $920,000 in PAR Technology Corporation $PAR

Future Fund LLC bought a new stake in shares of PAR Technology Corporation (NYSE:PAR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,267 shares of the software maker’s stock, valued at approximately $920,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Huntington National Bank grew its stake in shares of PAR Technology by 66.2% during the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after acquiring an additional 174 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in PAR Technology by 3.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,233 shares of the software maker’s stock worth $382,000 after purchasing an additional 234 shares in the last quarter. Victory Capital Management Inc. grew its position in PAR Technology by 7.8% during the 1st quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker’s stock worth $291,000 after purchasing an additional 343 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in PAR Technology by 9.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,095 shares of the software maker’s stock valued at $353,000 after purchasing an additional 437 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in PAR Technology by 31.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,835 shares of the software maker’s stock valued at $127,000 after purchasing an additional 438 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PAR shares. 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 note on Tuesday, August 19th. William Blair restated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of PAR Technology in a research note on Wednesday, October 8th. The Goldman Sachs Group cut their price objective on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Needham & Company LLC decreased their target price on PAR Technology from $90.00 to $55.00 and set a “buy” rating for the company in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and an average price target of $68.86.

PAR Technology Price Performance

NYSE:PAR opened at $38.61 on Friday. The firm’s fifty day moving average is $39.74 and its two-hundred day moving average is $54.78. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -17.16 and a beta of 1.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. PAR Technology Corporation has a one year low of $32.56 and a one year high of $82.24.

PAR Technology (NYSE:PAR) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $112.23 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) EPS. Research analysts expect that PAR Technology Corporation will post -1.47 EPS for the current 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.