Sonia Randhawa

Victory Capital Management reduced its stake in PAR Technology, Inc. (NYSE:PAR – Free Report) by 26.0% in the fourth quarter, Holdings Channel reported. The institutional investor owned 37,913 shares of the software maker's stock after selling an additional 13,290 shares during the same quarter. His PAR Technology holdings in Victory Capital Management Inc. were worth $1,651,000 as of the latest SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. grew its holdings in shares of PAR Technology by 1.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 77,586 shares of the software maker's stock worth $3,378,000 after acquiring an additional 1,167 shares in the last quarter. Zurich Kantner Bank Zurich Kantner Bank grew its holdings in shares of PAR Technology by 8.6% in the 4th quarter. Zurich Kantner Bank Zurich Kantner Bank now owns 5,908 shares of the software maker's stock valued at $257,000 after acquiring an additional 468 shares in the last quarter. Voss Capital LLC acquired a new position in PAR Technology during the 4th quarter valued at $15,262,000. Reinhardt Partners LLC increased his holdings in PAR Technology by 11.2% in the 4th quarter. Reinhardt Partners LLC. now owns 857,880 shares of the software maker's stock worth $37,352,000 after acquiring an additional 86,322 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of PAR Technology by 15.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,625 shares of the software maker's stock valued at $985,000 after acquiring an additional 3,100 shares in the last quarter.

Analyst sets new price target

PAR has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $53.00 price objective on shares of PAR Technology in a report on Friday, May 10th. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Tuesday, March 12th. William Blair restated an “outperform” rating on shares of PAR Technology in a research report on Tuesday, March 12th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, March 7th. Finally, TheStreet upgraded shares of PAR Technology from a “d+” rating to a “c-” rating in his research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, PAR Technology has an average rating of “Moderate Buy” and an average price target of $48.57.

Read the latest stock analysis for PAR Technology

Insider activity at PAR Technology

In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now directly owns 54,601 shares of the company's stock, valued at approximately $2,390,977.79. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. In other PAR Technology news, Director Douglas Gregory Rauch sold 4,500 shares of the company's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total transaction of $189,180.00. Following the sale, the director now directly owns 14,365 shares of the company's stock, valued at approximately $603,904.60. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. Also, CFO Brian A. Menner sold 803 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares of the company's stock, valued at $2,390,977.79. Disclosures regarding this sale can be found here. 3.60% of the shares are currently owned by insiders.

PAR Technology trades up 0.2%

NYSE:PAR stock opened Friday at $45.43. The company has a market capitalization of $1.54 billion, a P/E ratio of -17.68 and a beta of 2.00. The company's 50-day moving average price is $43.01 and its 200-day moving average price is $42.16. PAR Technology has a 52-week low of $28.21 and a 52-week high of $49.84. The company has a quick ratio of 1.81, a current ratio of 2.07 and a debt-to-equity ratio of 0.72.

PAR Technology (NYSE:PAR – Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported ($0.47) earnings per share for the quarter, missing consensus estimates ($0.42) by ($0.05). The company had revenue of $107.71 million for the quarter, compared to the consensus estimate of $106.12 million. PAR Technology had a negative net profit margin of 17.14% and a negative return on equity of 14.53%. Sell-side analysts expect PAR Technology to report earnings per share of -1.15 for the current fiscal year.

PAR Technology Company Profile

(Free report)

PAR Technology Corporation, along with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail division offers his PUNCHH, an enterprise-grade customer loyalty and engagement solution. MENU, an e-commerce platform for restaurant brands. BRINK POS, an open cloud POS solution. PAR PAYMENT SERVICES is a merchant services business that enables electronic payment and electronic processing services for businesses. DATA CENTRAL is a back-office solution powered by business intelligence and automation technology.