PAR Technology (NYSE:PAR) Major Shareholder Acquires $864,000.00 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp purchased 25,000 shares of PAR Technology stock in a transaction dated Tuesday, January 6th. The shares were acquired at an average cost of $34.56 per share, for a total transaction of $864,000.00. Following the transaction, the insider directly owned 3,613,898 shares of the company’s stock, valued at approximately $124,896,314.88. This represents a 0.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, January 5th, Voss Capital, Lp acquired 8,898 shares of PAR Technology stock. The stock was acquired at an average price of $35.82 per share, with a total value of $318,726.36.
• On Wednesday, December 31st, Voss Capital, Lp bought 15,348 shares of PAR Technology stock. The shares were acquired at an average price of $36.60 per share, for a total transaction of $561,736.80.
• On Tuesday, December 30th, Voss Capital, Lp purchased 146,789 shares of PAR Technology stock. The stock was acquired at an average cost of $36.51 per share, with a total value of $5,359,266.39.

PAR Technology Stock Down 1.7%

Shares of PAR Technology stock traded down $0.60 during trading hours on Wednesday, reaching $34.80. 511,910 shares of the company were exchanged, compared to its average volume of 503,927. The firm has a market cap of $1.41 billion, a PE ratio of -16.26 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70. PAR Technology Corporation has a 1 year low of $31.65 and a 1 year high of $77.55. The stock’s fifty day moving average is $35.82 and its 200 day moving average is $46.37.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $119.18 million for the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. As a group, equities research analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Advisory LLC purchased a new stake in shares of PAR Technology in the first quarter valued at about $222,000. Royal Bank of Canada lifted its position in 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 acquiring an additional 1,515 shares during the period. AQR Capital Management LLC purchased a new position in shares of PAR Technology in the 1st quarter valued at approximately $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $1,228,000 after purchasing an additional 874 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of 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 period.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAR. The Goldman Sachs Group decreased their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. BTIG Research dropped their target price on PAR Technology from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of PAR Technology in a research note on Thursday, November 13th. Finally, William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

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.