Insider Selling: PAR Technology (NYSE:PAR) Insider Sells $12,596.37 in Stock

PAR Technology Corporation (NYSE:PAR) insider Elizabeth Codner sold 653 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $19.29, for a total value of $12,596.37. Following the transaction, the insider directly owned 30,789 shares in the company, valued at $593,919.81. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PAR Technology Price Performance

PAR Technology stock opened at $17.65 on Friday. The company has a market cap of $730.13 million, a P/E ratio of -10.03 and a beta of 1.33. PAR Technology Corporation has a one year low of $11.59 and a one year high of $47.35. The business has a fifty day moving average of $17.83 and a two-hundred day moving average of $16.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $133.41 million during the quarter, compared to the consensus estimate 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 was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. As a group, analysts predict that PAR Technology Corporation will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PAR shares. Weiss Ratings raised PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a report on Tuesday, June 9th. BTIG Research dropped their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group boosted their price objective 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 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 data from MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and an average target price of $24.61.

Institutional Investors Weigh In On PAR Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of PAR Technology during the second quarter valued at $70,563,000. Greenstone Partners & Co. LLC purchased a new stake in PAR Technology during the 4th quarter worth about $36,981,000. California State Teachers Retirement System raised its stake in PAR Technology by 2,290.0% in the 2nd quarter. California State Teachers Retirement System now owns 893,472 shares of the software maker’s stock valued at $15,564,000 after purchasing an additional 856,089 shares during the last quarter. Bandera Partners LLC purchased a new position in PAR Technology in the 1st quarter valued at about $9,331,000. Finally, Renaissance Technologies LLC purchased a new position in PAR Technology in the 1st quarter valued at about $5,508,000.

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.