WINTON GROUP Ltd acquired a new position in PAR Technology Corporation (NYSE:PAR – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 30,200 shares of the software maker’s stock, valued at approximately $526,000.
A number of other hedge funds also recently bought and sold shares of PAR. BlackRock Inc. bought a new position in PAR Technology in the second quarter valued at about $70,563,000. Bandera Partners LLC bought a new stake in shares of PAR Technology during the 1st quarter valued at about $9,331,000. Renaissance Technologies LLC purchased a new stake in shares of PAR Technology during the 1st quarter valued at about $5,508,000. Reinhart Partners LLC. increased its position in shares of PAR Technology by 45.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock valued at $47,522,000 after purchasing an additional 410,183 shares during the last quarter. Finally, Visionary Wealth Advisors purchased a new stake in shares of PAR Technology during the 2nd quarter valued at about $6,844,000.
PAR Technology Stock Down 6.7%
NYSE PAR opened at $16.88 on Wednesday. PAR Technology Corporation has a 52 week low of $11.59 and a 52 week high of $44.17. The company has a quick ratio of 1.89, a current ratio of 2.21 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $698.32 million, a P/E ratio of -9.59 and a beta of 1.33. The stock’s 50-day moving average price is $17.77 and its 200-day moving average price is $15.98.
Insider Buying and Selling at PAR Technology
In other news, Director Narinder Singh purchased 11,518 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the transaction, the director directly owned 38,527 shares in the company, valued at $668,828.72. This trade represents a 42.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. 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 report on Friday, August 7th. The Goldman Sachs Group upped their target price on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. UBS Group set a $16.00 price target on shares of PAR Technology in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.61.
Get Our Latest Stock Report on PAR
About PAR Technology
PAR Technology Corporation provides technology solutions for restaurants and other foodservice businesses. Its products are designed to support front-of-house and back-of-house operations, including point-of-sale transactions, payment processing, customer engagement, loyalty programs, workforce management, inventory management and restaurant analytics.
The company’s platform includes Brink POS, a cloud-based point-of-sale system for restaurant operators, as well as PAR Pay payment solutions and customer engagement technology associated with Punchh.
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