Police & Firemen s Retirement System of New Jersey Raises Holdings in PAR Technology Corporation $PAR

Police & Firemen s Retirement System of New Jersey increased its position in PAR Technology Corporation (NYSE:PAR) by 24.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,259 shares of the software maker’s stock after purchasing an additional 1,839 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in PAR Technology were worth $642,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in PAR Technology during the 1st quarter worth approximately $24,500,000. Voss Capital LP lifted its stake in PAR Technology by 16.9% in the first quarter. Voss Capital LP now owns 1,706,362 shares of the software maker’s stock valued at $104,668,000 after buying an additional 246,362 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker’s stock valued at $92,767,000 after acquiring an additional 228,369 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of PAR Technology in the first quarter valued at approximately $12,554,000. Finally, Geode Capital Management LLC grew its position in shares of PAR Technology by 13.2% during the second quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock worth $65,389,000 after acquiring an additional 110,160 shares during the last quarter.

Wall Street Analyst Weigh In

PAR has been the subject of several research reports. BTIG Research reduced their price target on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of PAR Technology in a report on Thursday, November 13th. The Goldman Sachs Group reduced their price objective on PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

PAR Technology Trading Up 4.4%

NYSE PAR opened at $33.49 on Monday. The stock has a market capitalization of $1.36 billion, a P/E ratio of -14.88 and a beta of 1.63. PAR Technology Corporation has a 52-week low of $31.65 and a 52-week high of $82.24. The firm has a 50-day moving average price of $37.56 and a 200 day moving average price of $53.13. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The business had revenue of $119.18 million during the quarter, compared to analysts’ expectations of $112.23 million. During the same period in the prior year, the firm posted ($0.09) EPS. PAR Technology’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities research analysts expect that PAR Technology Corporation will post -1.47 EPS for the current 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.