Moody National Bank Trust Division Raises Holdings in PAR Technology Co. (NYSE:PAR)

Moody National Bank Trust Division increased its holdings in PAR Technology Co. (NYSE:PAR) by 119.2% during the 4th quarter, HoldingsChannel reports. The firm owned 24,278 shares of the software maker’s stock after buying an additional 13,200 shares during the period. Moody National Bank Trust Division’s holdings in PAR Technology were worth $1,764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Amalgamated Bank raised its holdings in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC purchased a new stake in shares of PAR Technology in the 3rd quarter worth approximately $125,000. Principal Financial Group Inc. bought a new position in shares of PAR Technology in the 2nd quarter worth $211,000. Victory Capital Management Inc. raised 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 purchasing an additional 219 shares in the last quarter. Finally, RiverPark Advisors LLC grew its stake in PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares during the last quarter.

PAR Technology Stock Down 0.8 %

PAR traded down $0.52 during trading hours on Monday, hitting $67.32. 345,271 shares of the company’s stock were exchanged, compared to its average volume of 406,615. The firm has a 50 day moving average of $74.40 and a 200 day moving average of $60.69. The firm has a market cap of $2.61 billion, a P/E ratio of -269.27 and a beta of 2.21. 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 $37.74 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.35) earnings per share. Analysts predict that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on PAR. Benchmark raised their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, January 3rd. Stephens raised their price objective on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Craig Hallum boosted their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Lake Street Capital boosted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Company 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.