32,243 Shares in PAR Technology Corporation $PAR Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of PAR Technology Corporation (NYSE:PARFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 32,243 shares of the software maker’s stock, valued at approximately $422,000. Hsbc Holdings PLC owned 0.08% of PAR Technology as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of PAR Technology in the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of PAR Technology during the fourth quarter worth $35,000. MidFirst Bank acquired a new stake in shares of PAR Technology during the fourth quarter worth $113,000. AQR Capital Management LLC bought a new stake in PAR Technology in the 4th quarter valued at $201,000. Finally, Tower Research Capital LLC TRC lifted its position in PAR Technology by 278.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock valued at $216,000 after acquiring an additional 2,291 shares in the last quarter.

Insider Transactions at PAR Technology

In related news, insider Cathy A. King sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the sale, the insider owned 122,919 shares in the company, valued at approximately $1,890,494.22. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 594,900 shares of PAR Technology stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $14.59 per share, with a total value of $8,679,591.00. Following the completion of the transaction, the insider directly owned 4,675,000 shares of the company’s stock, valued at approximately $68,208,250. The trade was a 14.58% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 1,069,900 shares of company stock valued at $15,568,965. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PAR shares. Needham & Company LLC lowered their target price on PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group lifted their price target on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Jefferies Financial Group set a $18.00 price target on PAR Technology in a report on Saturday, May 9th. Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their price objective on PAR Technology from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.17.

Read Our Latest Stock Report on PAR

PAR Technology Stock Performance

Shares of PAR stock opened at $16.91 on Friday. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $62.55. The company’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $17.98. The firm has a market cap of $697.46 million, a PE ratio of -9.04 and a beta of 1.32. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51.

PAR Technology (NYSE:PARGet Free Report) last released its earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $116.88 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts expect that PAR Technology Corporation will post -0.16 EPS for the current fiscal year.

PAR Technology Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PAR Technology (NYSE:PAR)

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