PAR Technology Corporation (NYSE:PAR – Get Free Report) major shareholder Voss Capital, Lp purchased 125,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $14.62 per share, with a total value of $1,827,500.00. Following the completion of the transaction, the insider owned 4,775,000 shares in the company, valued at $69,810,500. This trade represents a 2.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 Thursday, May 14th, Voss Capital, Lp purchased 594,900 shares of PAR Technology stock. The shares were acquired at an average cost of $14.59 per share, with a total value of $8,679,591.00.
PAR Technology Trading Down 0.5%
Shares of NYSE PAR opened at $14.64 on Thursday. The stock has a market cap of $603.86 million, a P/E ratio of -7.83 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. PAR Technology Corporation has a 1 year low of $11.59 and a 1 year high of $72.15. The firm has a 50-day moving average of $14.02 and a 200 day moving average of $25.18.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. BTIG Research reduced their price objective on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. The Goldman Sachs Group reduced their price objective on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Needham & Company LLC reduced their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.67.
Read Our Latest Analysis on PAR
Institutional Trading of PAR Technology
A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of PAR Technology by 4.7% in the first quarter. Bank of America Corp DE now owns 118,705 shares of the software maker’s stock worth $1,582,000 after acquiring an additional 5,374 shares during the period. Quantinno Capital Management LP grew its stake in shares of PAR Technology by 199.8% in the first quarter. Quantinno Capital Management LP now owns 73,935 shares of the software maker’s stock worth $986,000 after acquiring an additional 49,276 shares during the period. Progeny 3 Inc. grew its stake in shares of PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock worth $28,937,000 after acquiring an additional 114,500 shares during the period. ABS Direct Equity Fund LLC grew its stake in shares of PAR Technology by 15.4% in the first quarter. ABS Direct Equity Fund LLC now owns 150,000 shares of the software maker’s stock worth $2,000,000 after acquiring an additional 20,000 shares during the period. Finally, Corsair Capital Management L.P. bought a new stake in shares of PAR Technology in the first quarter worth approximately $133,000.
About PAR Technology
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.
Read More
- Five stocks we like better than PAR Technology
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Receive News & Ratings for PAR Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAR Technology and related companies with MarketBeat.com's FREE daily email newsletter.
