Visionary Wealth Advisors acquired a new stake in PAR Technology Corporation (NYSE:PAR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 392,907 shares of the software maker’s stock, valued at approximately $6,844,000. Visionary Wealth Advisors owned 0.95% of PAR Technology as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Reinhart Partners LLC. grew its holdings in shares of PAR Technology by 45.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock worth $47,522,000 after buying an additional 410,183 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in PAR Technology by 77.9% during the 4th quarter. Stephens Investment Management Group LLC now owns 282,790 shares of the software maker’s stock valued at $10,260,000 after acquiring an additional 123,831 shares during the last quarter. Rock Creek Group LP lifted its position in PAR Technology by 316.7% during the 4th quarter. Rock Creek Group LP now owns 250,000 shares of the software maker’s stock worth $9,070,000 after acquiring an additional 190,000 shares during the period. Progeny 3 Inc. lifted its position in PAR Technology by 5.6% during the 1st 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. Finally, Rice Hall James & Associates LLC purchased a new position in shares of PAR Technology in the 2nd quarter valued at approximately $6,601,000.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a report on Tuesday, June 9th. The Goldman Sachs Group increased their price target on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a report on Thursday, July 9th. UBS Group set a $16.00 price objective on shares of PAR Technology in a research report on Tuesday, June 9th. BTIG Research dropped their price objective on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of PAR Technology in a research report on Friday, July 10th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.61.
PAR Technology Stock Down 0.7%
PAR Technology stock opened at $19.39 on Tuesday. The stock’s 50 day moving average price is $17.15 and its 200 day moving average price is $16.29. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $54.44. The company has a market cap of $801.95 million, a PE ratio of -11.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89.
PAR Technology (NYSE:PAR – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The firm had revenue of $133.41 million during the quarter, compared to analysts’ expectations of $124.66 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. PAR Technology’s revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts predict that PAR Technology Corporation will post -0.13 EPS for the current fiscal year.
Insider Transactions at PAR Technology
In related news, major shareholder Voss Capital, Lp acquired 193,751 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $14.15 per share, with a total value of $2,741,576.65. Following the completion of the acquisition, the insider owned 4,968,751 shares in the company, valued at approximately $70,307,826.65. This represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider owned 122,919 shares in the company, valued at $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have purchased a total of 361,518 shares of company stock valued at $5,261,827 in the last ninety days. 2.30% of the stock is currently owned by company insiders.
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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