Quantinno Capital Management LP Has $986,000 Stock Holdings in PAR Technology Corporation $PAR

Quantinno Capital Management LP raised its stake in PAR Technology Corporation (NYSE:PAR) by 199.8% in the first quarter, Holdings Channel reports. The firm owned 73,935 shares of the software maker’s stock after acquiring an additional 49,276 shares during the quarter. Quantinno Capital Management LP’s holdings in PAR Technology were worth $986,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of PAR Technology during the 4th quarter worth approximately $34,000. Kestra Advisory Services LLC bought a new position in shares of PAR Technology in the fourth quarter valued at $35,000. Tower Research Capital LLC TRC grew its stake in shares of PAR Technology by 278.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock valued at $216,000 after buying an additional 2,291 shares in the last quarter. MidFirst Bank acquired a new position in PAR Technology during the fourth quarter worth $113,000. Finally, AQR Capital Management LLC acquired a new position in PAR Technology during the first quarter worth $309,000.

Insiders Place Their Bets

In other PAR Technology news, insider Cathy A. King sold 20,000 shares of PAR Technology 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 transaction, the insider directly owned 122,919 shares of the company’s stock, valued at $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Narinder Singh acquired 11,518 shares of the firm’s stock in a transaction 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 acquisition, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. The trade was a 42.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 361,518 shares of company stock valued at $5,261,827 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on PAR. Jefferies Financial Group set a $18.00 price target 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. Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. The Goldman Sachs Group upped their target price on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, BTIG Research cut their target price on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and a consensus price target of $24.61.

PAR Technology Stock Up 0.2%

PAR stock opened at $19.09 on Monday. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $54.62. The business’s 50 day simple moving average is $16.55 and its 200 day simple moving average is $16.59. 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 firm has a market capitalization of $789.60 million, a PE ratio of -10.85 and a beta of 1.33.

PAR Technology Company 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.