PAR Technology Corporation $PAR Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in PAR Technology Corporation (NYSE:PAR) by 39.8% in the 1st quarter, Holdings Channel reports. The fund owned 117,400 shares of the software maker’s stock after purchasing an additional 33,408 shares during the period. Sei Investments Co.’s holdings in PAR Technology were worth $1,565,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of PAR Technology by 8.0% during 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 period. AQR Capital Management LLC purchased a new stake in shares of PAR Technology in the first quarter valued at $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $1,228,000 after purchasing an additional 874 shares during the last quarter. Jones Financial Companies Lllp increased 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 during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in PAR Technology by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock worth $14,200,000 after buying an additional 51,316 shares during the period.

Insider Buying and Selling

In related news, major shareholder Voss Capital, Lp purchased 594,900 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $14.59 per share, for a total transaction of $8,679,591.00. Following the acquisition, the insider directly owned 4,675,000 shares in the company, valued at $68,208,250. The trade was a 14.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cathy A. King sold 20,000 shares of the stock in a transaction that occurred 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 $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. In the last 90 days, insiders acquired 1,069,900 shares of company stock valued at $15,568,965. 2.30% of the stock is owned by company insiders.

PAR Technology Price Performance

Shares of NYSE PAR opened at $18.20 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $54.62. The company has a market capitalization of $752.75 million, a price-to-earnings ratio of -10.34 and a beta of 1.33. The business has a 50-day moving average of $16.23 and a 200-day moving average of $16.99.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BTIG Research decreased their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group set a $16.00 price objective on shares of PAR Technology in a report on Tuesday, June 9th. Jefferies Financial Group set a $18.00 target price on shares of PAR Technology in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday. Finally, The Goldman Sachs Group upped their price target on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.61.

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.