Atria Wealth Solutions Inc. Buys 1,167 Shares of PAR Technology Co. (NYSE:PAR)

Atria Wealth Solutions Inc. increased its stake in PAR Technology Co. (NYSE:PAR) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,586 shares of the software maker’s stock after purchasing an additional 1,167 shares during the period. Atria Wealth Solutions Inc.’s holdings in PAR Technology were worth $3,378,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PAR Technology by 8.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock worth $257,000 after purchasing an additional 468 shares during the period. Swiss National Bank grew its position in PAR Technology by 1.3% in the third quarter. Swiss National Bank now owns 60,300 shares of the software maker’s stock valued at $2,324,000 after acquiring an additional 800 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in PAR Technology by 5.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,525 shares of the software maker’s stock worth $752,000 after acquiring an additional 1,050 shares in the last quarter. Deutsche Bank AG raised its stake in PAR Technology by 15.1% during the third quarter. Deutsche Bank AG now owns 13,129 shares of the software maker’s stock worth $506,000 after acquiring an additional 1,723 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in PAR Technology by 5.6% during the third quarter. Rhumbline Advisers now owns 45,297 shares of the software maker’s stock worth $1,746,000 after acquiring an additional 2,419 shares in the last quarter.

Insider Activity

In related news, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total value of $189,180.00. Following the sale, the director now directly owns 14,365 shares in the company, valued at $603,904.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $43.79, for a total value of $35,163.37. Following the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total value of $189,180.00. Following the completion of the sale, the director now owns 14,365 shares in the company, valued at $603,904.60. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on PAR. TheStreet raised PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, March 7th. William Blair reissued an “outperform” rating on shares of PAR Technology in a research note on Tuesday, March 12th. Benchmark began coverage on PAR Technology in a research note on Tuesday, February 13th. They set a “hold” rating for the company. Finally, Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, PAR Technology currently has an average rating of “Moderate Buy” and an average target price of $48.57.

PAR Technology Trading Up 3.5 %

PAR Technology stock opened at $43.24 on Friday. The business has a 50 day moving average of $43.21 and a 200-day moving average of $41.23. PAR Technology Co. has a 1 year low of $24.76 and a 1 year high of $49.84. The company has a quick ratio of 1.96, a current ratio of 2.25 and a debt-to-equity ratio of 1.13.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.05). PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. The firm had revenue of $107.71 million during the quarter, compared to analyst estimates of $106.12 million. On average, analysts anticipate that PAR Technology Co. will post -1.15 earnings per share for the current fiscal year.

PAR Technology Company 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.