672 Shares in PAR Technology Co. (NYSE:PAR) Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology Co. (NYSE:PAR) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 672 shares of the software maker’s stock, valued at approximately $32,000.

A number of other large investors have also added to or reduced their stakes in the stock. Capital Research Global Investors raised its position in shares of PAR Technology by 43.4% in the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 shares during the last quarter. Vanguard Group Inc. raised its holdings in PAR Technology by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock worth $97,950,000 after buying an additional 50,793 shares during the last quarter. Progeny 3 Inc. lifted its stake in shares of PAR Technology by 47.1% in the first quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock worth $54,026,000 after buying an additional 381,232 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of PAR Technology by 1.0% in the first quarter. Bamco Inc. NY now owns 901,872 shares of the software maker’s stock worth $40,909,000 after buying an additional 8,789 shares in the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of PAR Technology by 1.8% during the second quarter. Reinhart Partners LLC. now owns 889,724 shares of the software maker’s stock valued at $41,897,000 after acquiring an additional 15,678 shares in the last quarter.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $60.00 in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a report on Friday, August 9th. Stephens upgraded shares of PAR Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $46.00 to $60.00 in a research note on Thursday, June 13th. Needham & Company LLC lifted their target price on shares of PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group raised their price target on PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PAR Technology presently has an average rating of “Moderate Buy” and an average price target of $58.00.

PAR Technology Stock Performance

NYSE PAR traded down $0.13 on Friday, hitting $52.82. 14,429 shares of the company traded hands, compared to its average volume of 315,410. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average price is $50.69 and its 200-day moving average price is $46.34. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -20.59 and a beta of 2.17. PAR Technology Co. has a 52-week low of $28.21 and a 52-week high of $55.76.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $78.20 million for the quarter, compared to the consensus estimate of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. PAR Technology’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.65) EPS. Equities analysts expect that PAR Technology Co. will post -1.74 earnings per share for the current 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.