Insider Selling: PAR Technology (NYSE:PAR) Insider Sells $307,600.00 in Stock

PAR Technology Corporation (NYSE:PAR) insider Cathy King sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the transaction, the insider owned 122,919 shares of the company’s stock, valued at approximately $1,890,494.22. The trade was a 13.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $13.42 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $553.74 million, a PE ratio of -7.18 and a beta of 1.35. PAR Technology Corporation has a twelve month low of $11.59 and a twelve month high of $72.15. The company has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $23.41.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm 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 quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) earnings per share. Equities analysts forecast that PAR Technology Corporation will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in 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. Stephens cut their target price on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. assumed coverage on shares of PAR Technology in a research report on Friday, May 29th. They set an “underweight” rating and a $12.00 target price for the company. Needham & Company LLC cut 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 report on Thursday, April 9th. Finally, The Goldman Sachs Group cut their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.00.

Institutional Investors Weigh In On PAR Technology

A number of institutional investors and hedge funds have recently modified their holdings of PAR. Royal Bank of Canada lifted its holdings in shares of PAR Technology by 8.0% in the first quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock worth $1,255,000 after buying an additional 1,515 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of PAR Technology in the first quarter worth about $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PAR Technology by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock worth $1,228,000 after buying an additional 874 shares in the last quarter. Jones Financial Companies Lllp raised its stake in PAR Technology by 186,466.7% in the first quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock valued at $343,000 after purchasing an additional 5,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in PAR Technology by 28.5% in the first quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock valued at $14,200,000 after purchasing an additional 51,316 shares in the last quarter.

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.