PAR Technology Co. (NYSE:PAR) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its holdings in PAR Technology Co. (NYSE:PAR) by 19.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,679 shares of the software maker’s stock after selling 16,136 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.19% of PAR Technology worth $4,991,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in shares of PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares in the last quarter. nVerses Capital LLC acquired a new position in PAR Technology during the 3rd quarter worth $125,000. Principal Financial Group Inc. acquired a new stake in PAR Technology in the 2nd quarter valued at about $211,000. Victory Capital Management Inc. boosted its stake in shares of PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after buying an additional 219 shares during the period. Finally, RiverPark Advisors LLC grew its position in shares of PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PAR shares. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, January 3rd. StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, November 7th. Stephens lifted their price target on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Craig Hallum raised their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Stock Performance

NYSE PAR opened at $67.80 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 1-year low of $37.74 and a 1-year high of $82.24. The firm has a market capitalization of $2.46 billion, a P/E ratio of -271.19 and a beta of 2.21. The business’s 50-day simple moving average is $74.40 and its 200-day simple moving average is $60.48.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) earnings per share. Equities analysts predict that PAR Technology Co. will post -1.47 EPS 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.