Leo Wealth LLC Buys New Position in PAR Technology Co. (NYSE:PAR)

Leo Wealth LLC purchased a new position in PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,816 shares of the software maker’s stock, valued at approximately $786,000.

Several other large investors also recently bought and sold shares of PAR. TimesSquare Capital Management LLC acquired a new position in PAR Technology in the 3rd quarter worth $14,398,000. Bamco Inc. NY increased its position in shares of PAR Technology by 15.2% during the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after acquiring an additional 154,921 shares during the last quarter. Fred Alger Management LLC acquired a new position in shares of PAR Technology in the third quarter worth about $6,600,000. Geode Capital Management LLC lifted its stake in shares of PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after acquiring an additional 81,551 shares in the last quarter. Finally, Castleark Management LLC boosted its holdings in PAR Technology by 196.0% in the third quarter. Castleark Management LLC now owns 116,370 shares of the software maker’s stock valued at $6,061,000 after purchasing an additional 77,050 shares during the last quarter.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $70.87 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $74.00 and a 200 day simple moving average of $63.69. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a market cap of $2.74 billion, a PE ratio of -283.47 and a beta of 2.22.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping 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 business had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same period in the prior year, the firm earned ($0.35) EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. On average, sell-side analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PAR shares. The Goldman Sachs Group upped their target price on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Craig Hallum upped their price target on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, January 23rd. Lake Street Capital upped their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.25.

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.