Royce & Associates LP lowered its stake in shares of PAR Technology Corporation (NYSE:PAR – Free Report) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 937,255 shares of the software maker’s stock after selling 35,169 shares during the period. Royce & Associates LP’s holdings in PAR Technology were worth $34,004,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in PAR. FNY Investment Advisers LLC purchased a new stake in PAR Technology during the third quarter worth about $26,000. Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology during the third quarter worth about $28,000. Central Pacific Bank Trust Division boosted its holdings in 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 buying an additional 1,000 shares in the last quarter. Pring Turner Capital Group Inc. boosted its holdings in PAR Technology by 40.9% during the third quarter. Pring Turner Capital Group Inc. now owns 5,436 shares of the software maker’s stock worth $215,000 after buying an additional 1,577 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in PAR Technology by 278.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock worth $216,000 after buying an additional 2,291 shares in the last quarter.
PAR Technology Stock Up 0.0%
Shares of NYSE PAR opened at $14.84 on Tuesday. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $72.15. The company has a market capitalization of $612.19 million, a PE ratio of -7.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83. The firm’s 50-day moving average is $13.92 and its two-hundred day moving average is $24.75.
Analyst Ratings Changes
A number of analysts recently commented on PAR shares. Needham & Company LLC decreased their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. William Blair reissued an “outperform” rating on shares of PAR Technology in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a report on Friday, March 27th. Benchmark decreased their price objective on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and a consensus target price of $30.67.
Insider Buying and Selling
In other PAR Technology news, CAO Michael Anthony Steenberge sold 2,342 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $17.49, for a total value of $40,961.58. Following the sale, the chief accounting officer owned 26,439 shares of the company’s stock, valued at $462,418.11. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Voss Capital, Lp purchased 125,000 shares of PAR Technology stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $14.62 per share, for a total transaction of $1,827,500.00. Following the acquisition, the insider directly owned 4,775,000 shares of the company’s stock, valued at approximately $69,810,500. This represents a 2.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 90,689 shares of company stock valued at $1,600,226. 2.30% of the stock is owned by company insiders.
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.
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