Cynosure Group LLC Purchases New Position in PAR Technology Co. (NYSE:PAR)

Cynosure Group LLC acquired a new position in shares of PAR Technology Co. (NYSE:PAR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,508 shares of the software maker’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Magnolia Capital Advisors LLC purchased a new position in shares of PAR Technology during the second quarter valued at $3,881,000. Harbor Capital Advisors Inc. raised its holdings in shares of PAR Technology by 219.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock valued at $1,939,000 after purchasing an additional 28,273 shares in the last quarter. Resolute Capital Asset Partners LLC lifted its position in shares of PAR Technology by 33.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after purchasing an additional 15,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of PAR Technology by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after purchasing an additional 50,793 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in PAR Technology by 252.0% during the second quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker’s stock valued at $4,973,000 after buying an additional 75,600 shares during the period.

Analysts Set New Price Targets

Several analysts have issued reports on PAR shares. Craig Hallum increased their target price on PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th. The Goldman Sachs Group boosted their target price on shares of PAR Technology from $59.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. Finally, Stephens boosted their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.25.

PAR Technology Trading Up 4.1 %

NYSE:PAR opened at $80.06 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a twelve month low of $36.16 and a twelve month high of $80.82. The company’s 50 day moving average is $63.05 and its two-hundred day moving average is $54.08.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) earnings per share. On average, sell-side analysts expect that PAR Technology Co. will post -1.56 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.