Willis Investment Counsel Purchases 49,767 Shares of PAR Technology Corporation $PAR

Willis Investment Counsel lifted its position in shares of PAR Technology Corporation (NYSE:PAR) by 335.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,595 shares of the software maker’s stock after purchasing an additional 49,767 shares during the period. Willis Investment Counsel’s holdings in PAR Technology were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAR. FNY Investment Advisers LLC bought a new stake in shares of PAR Technology during the third quarter worth about $26,000. Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology during the third quarter worth about $28,000. Manning & Napier Advisors LLC bought a new stake in shares of PAR Technology during the third quarter worth about $36,000. Central Pacific Bank Trust Division grew its holdings in shares of PAR Technology by 50.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of PAR Technology during the third quarter worth about $204,000.

Insiders Place Their Bets

In other PAR Technology news, CEO Savneet Singh sold 57,605 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total value of $1,007,511.45. Following the transaction, the chief executive officer directly owned 252,537 shares of the company’s stock, valued at approximately $4,416,872.13. The trade was a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Voss Capital, Lp purchased 182,862 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was acquired at an average cost of $22.89 per share, for a total transaction of $4,185,711.18. Following the completion of the purchase, the insider owned 4,075,000 shares of the company’s stock, valued at approximately $93,276,750. This trade represents a 4.70% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 526,202 shares of company stock valued at $14,669,269 and sold 90,689 shares valued at $1,600,226. 3.70% of the stock is currently owned by company insiders.

PAR Technology Price Performance

Shares of PAR opened at $12.69 on Thursday. PAR Technology Corporation has a 52-week low of $12.42 and a 52-week high of $72.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.66. The business’s 50 day moving average price is $18.05 and its two-hundred day moving average price is $29.87. The firm has a market cap of $523.13 million, a PE ratio of -6.10 and a beta of 1.48.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.16. PAR Technology had a negative return on equity of 2.32% and a negative net margin of 18.54%.The firm had revenue of $120.10 million for the quarter, compared to analyst estimates of $116.39 million. PAR Technology’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on PAR. BTIG Research cut their price objective on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Benchmark cut their price objective on PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research note on Friday, March 13th. Finally, The Goldman Sachs Group cut their price objective on PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.20.

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.