Roubaix Capital LLC raised its holdings in PAR Technology Co. (NYSE:PAR – Free Report) by 315.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 79,053 shares of the software maker’s stock after acquiring an additional 60,006 shares during the quarter. PAR Technology makes up about 2.4% of Roubaix Capital LLC’s portfolio, making the stock its 17th largest holding. Roubaix Capital LLC owned about 0.23% of PAR Technology worth $3,723,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. bought a new position in PAR Technology during the 1st quarter worth $76,000. Central Pacific Bank Trust Division bought a new position in shares of PAR Technology during the first quarter worth about $78,000. LRI Investments LLC bought a new position in shares of PAR Technology during the first quarter worth about $99,000. RiverPark Advisors LLC acquired a new position in shares of PAR Technology in the second quarter worth approximately $191,000. Finally, Principal Financial Group Inc. acquired a new stake in PAR Technology during the 2nd quarter valued at approximately $211,000.
PAR Technology Stock Performance
Shares of PAR Technology stock opened at $52.29 on Thursday. The business has a 50-day simple moving average of $50.69 and a 200 day simple moving average of $46.34. PAR Technology Co. has a one year low of $28.21 and a one year high of $55.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -20.35 and a beta of 2.17.
Wall Street Analyst Weigh In
PAR has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. Stephens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. StockNews.com raised PAR Technology to a “sell” rating in a research report on Friday, August 23rd. Needham & Company LLC boosted their price objective on PAR Technology from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group raised their target price on PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.
Read Our Latest Analysis on PAR
About PAR Technology
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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