Cynosure Group LLC Invests $339,000 in PAR Technology Co. (NYSE:PAR)

Cynosure Group LLC bought a new position in shares of PAR Technology Co. (NYSE:PAR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,508 shares of the software maker’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology during the 2nd quarter valued at approximately $32,000. Amalgamated Bank increased its holdings in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares during the last quarter. LRI Investments LLC purchased a new stake in PAR Technology in the 1st quarter worth $99,000. nVerses Capital LLC bought a new position in shares of PAR Technology during the 3rd quarter valued at about $125,000. Finally, RiverPark Advisors LLC purchased a new position in shares of PAR Technology during the second quarter valued at about $191,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Craig Hallum boosted 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. Benchmark upped their price objective on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Finally, Stephens lifted their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

PAR Technology Stock Up 4.1 %

Shares of NYSE:PAR opened at $80.06 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12 month low of $36.16 and a 12 month high of $80.82. The firm’s 50-day moving average is $63.05 and its 200 day moving average is $54.08.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, sell-side analysts expect that PAR Technology Co. will post -1.56 earnings per share for the current fiscal 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.