OneDigital Investment Advisors LLC Invests $977,000 in PAR Technology Corporation $PAR

OneDigital Investment Advisors LLC bought a new position in PAR Technology Corporation (NYSE:PAR) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 56,104 shares of the software maker’s stock, valued at approximately $977,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in PAR Technology during the fourth quarter valued at about $34,000. Kestra Advisory Services LLC purchased a new position in shares of PAR Technology in the 4th quarter worth about $35,000. Versant Capital Management Inc lifted its stake in shares of PAR Technology by 325.5% in the 2nd quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock valued at $89,000 after purchasing an additional 3,909 shares in the last quarter. MidFirst Bank acquired a new position in shares of PAR Technology in the 4th quarter valued at about $113,000. Finally, Corsair Capital Management L.P. purchased a new stake in shares of PAR Technology during the 1st quarter worth about $133,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group set a $18.00 target price on shares of PAR Technology in a research report on Saturday, May 9th. Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. BTIG Research dropped their price objective on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. Finally, The Goldman Sachs Group upped their price target on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.61.

PAR Technology Stock Down 3.0%

Shares of NYSE:PAR opened at $18.48 on Tuesday. The company has a market capitalization of $764.33 million, a price-to-earnings ratio of -10.50 and a beta of 1.33. The company has a 50 day moving average of $16.65 and a two-hundred day moving average of $16.52. PAR Technology Corporation has a 52-week low of $11.59 and a 52-week high of $54.62. The company has a quick ratio of 1.89, a current ratio of 2.21 and a debt-to-equity ratio of 0.52.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $133.41 million for the quarter, compared to analysts’ expectations of $124.66 million. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, analysts forecast that PAR Technology Corporation will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at PAR Technology

In related news, Director Narinder Singh purchased 11,518 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average price of $17.36 per share, with a total value of $199,952.48. Following the completion of the transaction, the director owned 38,527 shares of the company’s stock, valued at $668,828.72. This represents a 42.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cathy A. King sold 20,000 shares of PAR Technology stock in a transaction on Tuesday, June 2nd. The stock was 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders bought a total of 361,518 shares of company stock valued at $5,261,827 in the last ninety days. Insiders own 2.30% of the company’s stock.

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.