PAR Technology (NYSE:PAR) Major Shareholder Purchases $1,827,500.00 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp purchased 125,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $14.62 per share, for a total transaction of $1,827,500.00. Following the completion of the purchase, the insider directly owned 4,775,000 shares of the company’s stock, valued at $69,810,500. This represents a 2.69% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, May 14th, Voss Capital, Lp purchased 594,900 shares of PAR Technology stock. The stock was acquired at an average price of $14.59 per share, for a total transaction of $8,679,591.00.

PAR Technology Stock Performance

Shares of PAR stock traded down $0.68 on Monday, hitting $14.03. The company’s stock had a trading volume of 1,446,666 shares, compared to its average volume of 1,400,699. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10. The stock’s 50 day moving average is $14.19 and its 200-day moving average is $25.46. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $72.15. The company has a market capitalization of $578.53 million, a PE ratio of -7.50 and a beta of 1.32.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $116.88 million. During the same period in the prior year, the company posted ($0.01) earnings per share. PAR Technology’s revenue was up 19.4% compared to the same quarter last year. Equities research analysts expect that PAR Technology Corporation will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

A number of hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its stake in shares of PAR Technology by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker’s stock valued at $266,000 after purchasing an additional 471 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of PAR Technology by 3.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock valued at $1,153,000 after purchasing an additional 548 shares in the last quarter. &PARTNERS boosted its stake in shares of PAR Technology by 10.6% in the 4th quarter. &PARTNERS now owns 6,444 shares of the software maker’s stock valued at $234,000 after purchasing an additional 620 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of PAR Technology by 6.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker’s stock valued at $357,000 after purchasing an additional 622 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of PAR Technology in the 3rd quarter valued at approximately $26,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAR. Benchmark reduced their price objective on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Needham & Company LLC reduced their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.67.

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.