69,109 Shares in PAR Technology Corporation $PAR Purchased by Palogic Value Management L.P.

Palogic Value Management L.P. purchased a new stake in PAR Technology Corporation (NYSE:PAR) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 69,109 shares of the software maker’s stock, valued at approximately $1,204,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its holdings in shares of PAR Technology by 6.9% in the fourth 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 grew its holdings in PAR Technology by 3.3% during the second quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock worth $1,153,000 after buying an additional 548 shares in the last quarter. &PARTNERS raised its position in 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 buying an additional 620 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in PAR Technology by 6.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker’s stock valued at $357,000 after acquiring an additional 622 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PAR Technology by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock valued at $1,228,000 after acquiring an additional 874 shares in the last quarter.

PAR Technology Stock Up 1.4%

PAR stock opened at $19.63 on Thursday. The stock has a market cap of $811.90 million, a P/E ratio of -11.15 and a beta of 1.33. The company has a current ratio of 2.21, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $17.33 and its two-hundred day simple moving average is $16.25. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $53.24.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $133.41 million during the quarter, compared to analyst estimates of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The business’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. Analysts expect that PAR Technology Corporation will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports 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. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a research report on Friday, July 10th. The Goldman Sachs Group boosted their price target on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a report on Thursday, July 9th. BTIG Research reduced their price objective on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, UBS Group set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.61.

Insider Activity at PAR Technology

In related news, Director Narinder Singh purchased 11,518 shares of PAR Technology stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the transaction, the director owned 38,527 shares in the company, valued at $668,828.72. This represents a 42.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cathy A. King sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the sale, the insider owned 122,919 shares of the company’s stock, valued at $1,890,494.22. This trade represents a 13.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders purchased 361,518 shares of company stock worth $5,261,827. 2.30% of the stock is owned by company insiders.

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.