PAR Technology (NYSE:PAR) Major Shareholder Acquires $318,726.36 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp purchased 8,898 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of $35.82 per share, for a total transaction of $318,726.36. Following the purchase, the insider owned 3,588,898 shares in the company, valued at $128,554,326.36. The trade was a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Tuesday, January 6th, Voss Capital, Lp acquired 25,000 shares of PAR Technology stock. The stock was acquired at an average cost of $34.56 per share, with a total value of $864,000.00.
• On Wednesday, December 31st, Voss Capital, Lp bought 15,348 shares of PAR Technology stock. The shares were acquired at an average cost of $36.60 per share, for a total transaction of $561,736.80.
• On Tuesday, December 30th, Voss Capital, Lp bought 146,789 shares of PAR Technology stock. The shares were bought at an average price of $36.51 per share, for a total transaction of $5,359,266.39.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $37.35 on Friday. The stock has a market capitalization of $1.52 billion, a P/E ratio of -17.45 and a beta of 1.35. The business has a 50-day moving average of $35.90 and a two-hundred day moving average of $46.03. PAR Technology Corporation has a fifty-two week low of $31.65 and a fifty-two week high of $77.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.51.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The company had revenue of $119.18 million for the quarter, compared to analyst estimates of $112.23 million. During the same period in the prior year, the company posted ($0.09) EPS. The business’s revenue was up 23.1% on a year-over-year basis. On average, equities research analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in PAR Technology by 13.2% in the 2nd quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock valued at $65,389,000 after acquiring an additional 110,160 shares in the last quarter. Invesco Ltd. increased its position in shares of PAR Technology by 24.1% during the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock valued at $130,224,000 after purchasing an additional 364,892 shares during the period. Stephens Investment Management Group LLC acquired a new position in shares of PAR Technology in the second quarter valued at $7,140,000. AXA S.A. lifted its position in PAR Technology by 360.1% in the second quarter. AXA S.A. now owns 298,985 shares of the software maker’s stock worth $20,741,000 after purchasing an additional 234,009 shares during the period. Finally, Bamco Inc. NY lifted its position in PAR Technology by 8.5% in the second quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock worth $121,494,000 after purchasing an additional 137,434 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PAR. BTIG Research decreased their price objective on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. William Blair restated an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of PAR Technology in a research report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. Finally, The Goldman Sachs Group decreased their target price on PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.00.

About PAR Technology

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.