Loomis Sayles & Co. L P Takes Position in PAR Technology Co. (NYSE:PAR)

Loomis Sayles & Co. L P purchased a new position in shares of PAR Technology Co. (NYSE:PAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 454,260 shares of the software maker’s stock, valued at approximately $33,011,000. Loomis Sayles & Co. L P owned about 1.17% of PAR Technology as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. bought a new stake in shares of PAR Technology during the fourth quarter worth $29,000. Signaturefd LLC increased its stake in PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after buying an additional 279 shares during the period. US Bancorp DE lifted its holdings in PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after buying an additional 341 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology in the 4th quarter valued at about $113,000. Finally, KBC Group NV grew its stake in PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after acquiring an additional 400 shares in the last quarter.

PAR Technology Price Performance

PAR opened at $62.63 on Friday. The firm has a market capitalization of $2.52 billion, a PE ratio of -250.51 and a beta of 2.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The business’s 50-day moving average is $66.55 and its two-hundred day moving average is $66.63. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24.

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

Wall Street Analysts Forecast Growth

PAR has been the subject of several research analyst reports. Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reissued a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.86.

About PAR Technology

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.