Ewing Morris & Co. Investment Partners Ltd. Purchases Shares of 13,500 PAR Technology Co. (NYSE:PAR)

Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,500 shares of the software maker’s stock, valued at approximately $981,000.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in PAR Technology during the 4th quarter worth approximately $1,796,000. Moody National Bank Trust Division increased its position in shares of PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock worth $1,764,000 after acquiring an additional 13,200 shares in the last quarter. Barclays PLC raised its stake in shares of PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after acquiring an additional 51,578 shares during the period. Principal Financial Group Inc. acquired a new position in shares of PAR Technology during the 4th quarter valued at $205,000. Finally, LPL Financial LLC boosted its position in PAR Technology by 201.4% during the 4th quarter. LPL Financial LLC now owns 88,991 shares of the software maker’s stock worth $6,467,000 after purchasing an additional 59,469 shares during the period.

PAR Technology Trading Up 1.7 %

NYSE PAR opened at $62.32 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -249.27 and a beta of 1.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company’s fifty day moving average price is $59.26 and its two-hundred day moving average price is $67.03.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, May 9th. The software maker reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. As a group, research analysts predict that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAR. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

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.