PAR Technology (NYSE:PAR) Major Shareholder Voss Capital, Lp Purchases 594,900 Shares

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp acquired 594,900 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $14.59 per share, with a total value of $8,679,591.00. Following the purchase, the insider directly owned 4,675,000 shares of the company’s stock, valued at $68,208,250. This represents a 14.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, May 15th, Voss Capital, Lp acquired 125,000 shares of PAR Technology stock. The stock was bought at an average price of $14.62 per share, with a total value of $1,827,500.00.

PAR Technology Stock Performance

NYSE PAR traded down $0.68 during trading hours on Monday, hitting $14.03. The company had a trading volume of 1,446,666 shares, compared to its average volume of 1,400,699. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $72.15. The company has a market cap of $578.53 million, a PE ratio of -7.50 and a beta of 1.32. The business has a 50 day moving average of $14.19 and a 200-day moving average of $25.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10.

PAR Technology (NYSE:PAR) last announced its earnings results 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. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $116.88 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts expect that PAR Technology Corporation will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group set a $18.00 target price on shares of PAR Technology in a research note on Saturday, May 9th. BTIG Research decreased their target price on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Benchmark decreased their target price 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. Finally, Needham & Company LLC decreased their target price on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in PAR Technology during the third quarter worth about $26,000. Aster Capital Management DIFC Ltd purchased a new position in PAR Technology during the third quarter worth about $28,000. State of Wyoming purchased a new position in PAR Technology during the fourth quarter worth about $34,000. Kestra Advisory Services LLC purchased a new position in PAR Technology during the fourth quarter worth about $35,000. Finally, Central Pacific Bank Trust Division raised its holdings 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 in the last quarter.

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.