PAR Technology Corporation (NYSE:PAR – Get Free Report) major shareholder Voss Capital, Lp purchased 156,249 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the completion of the acquisition, the insider owned 5,125,000 shares in the company, valued at approximately $76,106,250. This trade represents a 3.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Voss Capital, Lp also recently made the following trade(s):
- On Thursday, June 11th, Voss Capital, Lp purchased 193,751 shares of PAR Technology stock. The shares were acquired at an average price of $14.15 per share, with a total value of $2,741,576.65.
- On Friday, May 15th, Voss Capital, Lp bought 125,000 shares of PAR Technology stock. The shares were purchased at an average price of $14.62 per share, with a total value of $1,827,500.00.
- On Thursday, May 14th, Voss Capital, Lp bought 594,900 shares of PAR Technology stock. The shares were purchased at an average price of $14.59 per share, with a total value of $8,679,591.00.
PAR Technology Stock Performance
Shares of PAR Technology stock opened at $14.80 on Thursday. The business has a 50-day moving average of $14.20 and a 200 day moving average of $22.22. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $72.15. The stock has a market capitalization of $610.50 million, a price-to-earnings ratio of -7.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83.
Hedge Funds Weigh In On PAR Technology
Institutional investors have recently modified their holdings of the company. Capital Research Global Investors increased its stake in PAR Technology by 17.3% in the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after purchasing an additional 476,839 shares during the last quarter. Long Focus Capital Management LLC lifted its holdings in shares of PAR Technology by 4,210.9% during the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after acquiring an additional 857,218 shares during the period. Rovida Advisors Inc. lifted its holdings in shares of PAR Technology by 50.6% during the 3rd quarter. Rovida Advisors Inc. now owns 750,000 shares of the software maker’s stock worth $29,678,000 after acquiring an additional 252,156 shares during the period. SG Americas Securities LLC acquired a new stake in shares of PAR Technology in the fourth quarter worth approximately $27,274,000. Finally, CenterBook Partners LP boosted its position in shares of PAR Technology by 407.6% in the third quarter. CenterBook Partners LP now owns 114,481 shares of the software maker’s stock worth $4,531,000 after acquiring an additional 91,929 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research firms have commented on PAR. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research report on Friday, March 13th. Stephens lowered their target price on PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Needham & Company LLC decreased their price target on PAR Technology from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. UBS Group set a $16.00 price target on PAR Technology in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group decreased their price target 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 research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and an average target price of $25.78.
Check Out Our Latest Stock Report on PAR
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.
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