Citizens Financial Group Inc. RI Purchases Shares of 3,210 PAR Technology Co. (NYSE:PAR)

Citizens Financial Group Inc. RI acquired a new stake in shares of PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,210 shares of the software maker’s stock, valued at approximately $233,000.

Other large investors have also modified their holdings of the company. US Bancorp DE grew its stake in PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after buying an additional 341 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology during the fourth quarter worth about $113,000. KBC Group NV raised its holdings in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares during the period. Principal Financial Group Inc. acquired a new position in PAR Technology during the 4th quarter worth approximately $205,000. Finally, Pring Turner Capital Group Inc. purchased a new position in PAR Technology in the 4th quarter worth approximately $231,000.

PAR Technology Trading Down 0.6 %

Shares of NYSE PAR opened at $58.54 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of -234.17 and a beta of 2.19. The stock’s 50 day moving average price is $68.13 and its two-hundred day moving average price is $66.10. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter last year, the business earned ($0.33) earnings per share. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on PAR shares. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group boosted their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, Benchmark restated 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 assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PAR Technology currently has an average 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.