PAR Technology Corporation $PAR Shares Bought by Rock Creek Group LP

Rock Creek Group LP grew its position in PAR Technology Corporation (NYSE:PAR) by 71.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,000 shares of the software maker’s stock after acquiring an additional 25,000 shares during the quarter. PAR Technology makes up approximately 0.2% of Rock Creek Group LP’s holdings, making the stock its 29th largest position. Rock Creek Group LP owned 0.15% of PAR Technology worth $2,375,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PAR. Huntington National Bank boosted its holdings in PAR Technology by 66.2% in the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after purchasing an additional 174 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of PAR Technology in the 3rd quarter worth about $36,000. Advisors Asset Management Inc. lifted its position in shares of PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after buying an additional 229 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of PAR Technology in the 3rd quarter valued at about $204,000. Finally, Pring Turner Capital Group Inc. grew its position in shares of PAR Technology by 40.9% during the 3rd quarter. Pring Turner Capital Group Inc. now owns 5,436 shares of the software maker’s stock valued at $215,000 after buying an additional 1,577 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO Bryan A. Menar sold 6,500 shares of PAR Technology stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total transaction of $230,945.00. Following the sale, the chief financial officer directly owned 71,481 shares in the company, valued at $2,539,719.93. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Voss Capital, Lp acquired 146,789 shares of PAR Technology stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average cost of $36.51 per share, with a total value of $5,359,266.39. Following the acquisition, the insider directly owned 3,564,652 shares of the company’s stock, valued at approximately $130,145,444.52. This trade represents a 4.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 196,035 shares of company stock worth $7,103,730 over the last three months. Corporate insiders own 3.70% of the company’s stock.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $22.39 on Friday. PAR Technology Corporation has a 12-month low of $19.28 and a 12-month high of $72.15. The company has a market cap of $908.81 million, a PE ratio of -10.46 and a beta of 1.35. The stock has a 50 day simple moving average of $30.07 and a 200-day simple moving average of $36.78. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45.

Analyst Upgrades and Downgrades

PAR has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of PAR Technology in a research note on Friday, January 9th. BTIG Research reissued a “buy” rating and issued a $60.00 price target on shares of PAR Technology in a report on Friday, January 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.