PAR Technology (NYSE:PAR) Major Shareholder Acquires $561,736.80 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp purchased 15,348 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $36.60 per share, with a total value of $561,736.80. Following the transaction, the insider directly owned 3,580,000 shares in the company, valued at $131,028,000. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, January 6th, Voss Capital, Lp purchased 25,000 shares of PAR Technology stock. The stock was purchased at an average cost of $34.56 per share, for a total transaction of $864,000.00.
• On Monday, January 5th, Voss Capital, Lp acquired 8,898 shares of PAR Technology stock. The shares were purchased at an average cost of $35.82 per share, with a total value of $318,726.36.
• On Tuesday, December 30th, Voss Capital, Lp bought 146,789 shares of PAR Technology stock. The shares were purchased at an average price of $36.51 per share, with a total value of $5,359,266.39.

PAR Technology Trading Down 1.7%

Shares of NYSE PAR traded down $0.60 during trading hours on Wednesday, hitting $34.80. The company’s stock had a trading volume of 511,910 shares, compared to its average volume of 503,927. PAR Technology Corporation has a 12 month low of $31.65 and a 12 month high of $77.55. The stock has a market cap of $1.41 billion, a price-to-earnings 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. The business has a 50-day simple moving average of $35.82 and a 200-day simple moving average of $46.37.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $119.18 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. On average, analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in PAR Technology during the third quarter worth about $26,000. Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology during the third quarter valued at approximately $28,000. Huntington National Bank lifted its holdings in shares of PAR Technology by 66.2% during the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after purchasing an additional 174 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of PAR Technology in the 3rd quarter worth approximately $36,000. Finally, Advisors Asset Management Inc. grew its stake in shares of PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after buying an additional 229 shares during the last quarter.

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.