PAR Technology Corporation $PAR is Newtyn Management LLC’s 5th Largest Position

Newtyn Management LLC decreased its position in shares of PAR Technology Corporation (NYSE:PAR) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,418,754 shares of the software maker’s stock after selling 313,942 shares during the period. PAR Technology accounts for approximately 5.4% of Newtyn Management LLC’s portfolio, making the stock its 5th biggest position. Newtyn Management LLC owned about 0.06% of PAR Technology worth $42,135,000 at the end of the most recent reporting period.

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

PAR Technology Stock Up 0.9%

Shares of PAR stock opened at $19.32 on Monday. The stock’s 50 day simple moving average is $17.50 and its 200 day simple moving average is $16.20. PAR Technology Corporation has a twelve month low of $11.59 and a twelve month high of $52.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The company has a market capitalization of $799.13 million, a price-to-earnings ratio of -10.98 and a beta of 1.33.

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, topping analysts’ consensus estimates of $0.12 by $0.06. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The firm had revenue of $133.41 million during the quarter, compared to analysts’ expectations of $124.66 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. As a group, research analysts predict that PAR Technology Corporation will post -0.13 EPS for the current year.

Insider Activity

In related news, insider Cathy A. King sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the completion of the sale, the insider directly owned 122,919 shares of the company’s stock, valued at approximately $1,890,494.22. This represents a 13.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp bought 193,751 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $14.15 per share, for a total transaction of $2,741,576.65. Following the completion of the purchase, the insider directly owned 4,968,751 shares in the company, valued at $70,307,826.65. The trade was a 4.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 361,518 shares of company stock valued at $5,261,827 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAR. UBS Group set a $16.00 price objective on shares of PAR Technology in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. BTIG Research dropped their price target on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Weiss Ratings upgraded shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Finally, Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.61.

PAR Technology 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.