US Bancorp DE Has $49,000 Stock Position in PAR Technology Co. (NYSE:PAR)

US Bancorp DE increased its holdings in shares of PAR Technology Co. (NYSE:PAR) by 104.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 668 shares of the software maker’s stock after buying an additional 341 shares during the quarter. US Bancorp DE’s holdings in PAR Technology were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in PAR Technology during the third quarter valued at about $308,000. Intech Investment Management LLC acquired a new stake in shares of PAR Technology in the third quarter worth about $598,000. Charles Schwab Investment Management Inc. boosted its stake in shares of PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after acquiring an additional 20,811 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock valued at $892,000 after acquiring an additional 974 shares during the last quarter.

PAR Technology Price Performance

Shares of PAR stock opened at $60.03 on Wednesday. The firm’s 50 day moving average is $67.70 and its 200-day moving average is $66.35. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -240.11 and a beta of 2.20. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. Sell-side analysts forecast that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Monday, March 3rd. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

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.