LRI Investments LLC Takes Position in PAR Technology Co. (NYSE:PAR)

LRI Investments LLC purchased a new stake in shares of PAR Technology Co. (NYSE:PAR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,390 shares of the software maker’s stock, valued at approximately $99,000.

A number of other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in PAR Technology during the 1st quarter worth about $76,000. Central Pacific Bank Trust Division purchased a new stake in PAR Technology during the 1st quarter worth about $78,000. ProShare Advisors LLC purchased a new stake in PAR Technology during the 1st quarter worth about $222,000. Janney Montgomery Scott LLC purchased a new stake in PAR Technology during the 1st quarter worth about $242,000. Finally, Kennedy Capital Management LLC purchased a new stake in PAR Technology during the 1st quarter worth about $259,000.

PAR Technology Stock Down 3.9 %

PAR opened at $47.13 on Friday. The stock’s 50 day simple moving average is $47.54 and its 200 day simple moving average is $45.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.81 and a current ratio of 2.07. PAR Technology Co. has a 1 year low of $28.21 and a 1 year high of $55.66.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.07). PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. The business had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $111.00 million. As a group, sell-side analysts anticipate that PAR Technology Co. will post -1.17 EPS for the current fiscal year.

Analyst Ratings Changes

PAR has been the topic of a number of research analyst reports. Benchmark upped their target price on PAR Technology from $61.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Thursday. The Goldman Sachs Group upped 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. Stephens upgraded PAR Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $46.00 to $60.00 in a research note on Thursday, June 13th. Finally, Needham & Company LLC upped their target price on PAR Technology from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. One equities 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. According to MarketBeat, PAR Technology has an average rating of “Moderate Buy” and a consensus target price of $54.75.

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.