Greenhaven Road Investment Management L.P. Has $32.18 Million Stake in PAR Technology Corporation $PAR

Greenhaven Road Investment Management L.P. lessened its stake in PAR Technology Corporation (NYSE:PAR) by 8.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 886,883 shares of the software maker’s stock after selling 86,315 shares during the period. PAR Technology comprises about 5.4% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 2nd biggest position. Greenhaven Road Investment Management L.P.’s holdings in PAR Technology were worth $32,176,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of PAR Technology in the third quarter valued at about $26,000. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the third quarter worth about $28,000. State of Wyoming bought a new position in PAR Technology during the fourth quarter worth about $34,000. Central Pacific Bank Trust Division lifted its stake in PAR Technology by 50.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in PAR Technology by 278.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock worth $216,000 after purchasing an additional 2,291 shares during the period.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of analyst reports. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a research note on Saturday, May 9th. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research note on Tuesday. Benchmark cut their price target on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Stephens cut their price target on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of PAR Technology from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $16.00 in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.78.

PAR Technology Stock Performance

NYSE PAR opened at $14.92 on Friday. The firm has a market cap of $615.57 million, a price-to-earnings ratio of -7.98 and a beta of 1.35. The company has a 50 day moving average of $14.13 and a 200-day moving average of $22.70. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $72.15.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $123.97 million during the quarter, compared to analyst estimates of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities analysts forecast that PAR Technology Corporation will post -0.28 earnings per share for the current fiscal year.

Insider Activity at PAR Technology

In other news, insider Cathy A. King sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the completion of the sale, the insider owned 122,919 shares of the company’s stock, valued at approximately $1,890,494.22. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp acquired 125,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $14.62 per share, with a total value of $1,827,500.00. Following the acquisition, the insider owned 4,775,000 shares of the company’s stock, valued at approximately $69,810,500. This represents a 2.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.30% of the company’s stock.

PAR Technology Company Profile

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.