Zurcher Kantonalbank Zurich Cantonalbank Purchases 468 Shares of PAR Technology Co. (NYSE:PAR)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in PAR Technology Co. (NYSE:PAR) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,908 shares of the software maker’s stock after acquiring an additional 468 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PAR Technology were worth $257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Swiss National Bank grew its holdings in PAR Technology by 1.3% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the software maker’s stock valued at $2,324,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of 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 valued at $752,000 after buying an additional 1,050 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of PAR Technology by 15.1% in the third quarter. Deutsche Bank AG now owns 13,129 shares of the software maker’s stock worth $506,000 after buying an additional 1,723 shares during the period. Rhumbline Advisers raised its holdings in shares of PAR Technology by 5.6% in the third quarter. Rhumbline Advisers now owns 45,297 shares of the software maker’s stock worth $1,746,000 after buying an additional 2,419 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of PAR Technology by 32.4% during the 4th quarter. SG Americas Securities LLC now owns 12,133 shares of the software maker’s stock worth $528,000 after acquiring an additional 2,966 shares during the last quarter.

PAR Technology Trading Up 0.5 %

NYSE:PAR opened at $44.90 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.96 and a current ratio of 2.25. The firm has a 50-day simple moving average of $42.86 and a 200-day simple moving average of $41.52. PAR Technology Co. has a one year low of $24.76 and a one year high of $49.84. The firm has a market cap of $1.53 billion, a P/E ratio of -17.75 and a beta of 2.00.

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

Insider Transactions at PAR Technology

In related news, CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology 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 transaction, the director now owns 14,365 shares of the company’s stock, valued at approximately $603,904.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bryan A. Menar sold 803 shares of the business’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 transaction of $35,163.37. Following the transaction, the chief financial officer now owns 54,601 shares of the company’s stock, valued at approximately $2,390,977.79. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAR. TheStreet upgraded PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. Benchmark started coverage on shares of PAR Technology in a report on Tuesday, February 13th. They set a “hold” rating for the company. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, March 7th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research report on Tuesday, March 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 price target on shares of PAR Technology in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

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.