Swiss National Bank Raises Position in PAR Technology Co. (NYSE:PAR)

Swiss National Bank grew its holdings in shares of PAR Technology Co. (NYSE:PAR – Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,300 shares of the software maker’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank owned approximately 0.16% of PAR Technology worth $2,508,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of PAR Technology during the 1st quarter worth $76,000. Central Pacific Bank Trust Division acquired a new stake in shares of PAR Technology during the 1st quarter worth $78,000. Janney Montgomery Scott LLC acquired a new stake in shares of PAR Technology during the 1st quarter worth $242,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PAR Technology by 8.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock worth $257,000 after buying an additional 468 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of PAR Technology in the 4th quarter worth $381,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday. Needham & Company LLC increased their target price on PAR Technology from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Stephens raised PAR Technology from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. Finally, Benchmark increased their target price on PAR Technology from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.75.

Get Our Latest Stock Analysis on PAR Technology

PAR Technology Price Performance

NYSE:PAR opened at $54.29 on Tuesday. The business’s 50-day moving average is $46.59 and its two-hundred day moving average is $44.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.07 and a quick ratio of 1.81. PAR Technology Co. has a 12 month low of $28.21 and a 12 month high of $54.72.

PAR Technology (NYSE:PAR – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.07). PAR Technology had a negative net margin of 17.14% and a negative return on equity of 14.53%. The company had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $111.00 million. Equities research analysts anticipate that PAR Technology Co. will post -1.17 earnings per share for the current fiscal year.

PAR Technology Company Profile

(Free Report)

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.

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