Moody National Bank Trust Division Increases Stake 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 fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,278 shares of the software maker’s stock after purchasing an additional 13,200 shares during the quarter. Moody National Bank Trust Division owned 0.06% of PAR Technology worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PAR. Progeny 3 Inc. boosted its holdings in PAR Technology by 10.9% during the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after acquiring an additional 129,810 shares during the period. Royce & Associates LP boosted its position in PAR Technology by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock valued at $61,677,000 after buying an additional 30,000 shares during the period. Bamco Inc. NY grew its holdings in PAR Technology by 15.2% in the 3rd 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. Reinhart Partners LLC. increased its position in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock valued at $49,308,000 after acquiring an additional 57,049 shares during the period. Finally, State Street Corp raised its stake in shares of PAR Technology by 1.2% during the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after acquiring an additional 10,582 shares during the last quarter.

PAR Technology Stock Down 0.8 %

Shares of PAR traded down $0.52 on Monday, hitting $67.32. 345,271 shares of the stock traded hands, compared to its average volume of 406,615. PAR Technology Co. has a one year low of $37.74 and a one year high of $82.24. The company has a market capitalization of $2.61 billion, a PE ratio of -269.27 and a beta of 2.21. The business has a 50 day simple moving average of $74.40 and a 200 day simple moving average of $60.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

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, 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 during the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the previous year, the firm earned ($0.35) EPS. PAR Technology’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com upgraded PAR Technology to a “sell” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital boosted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Stephens raised their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, January 3rd. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

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.