PAR Technology (NYSE:PAR) Insider Cathy King Sells 20,000 Shares

PAR Technology Corporation (NYSE:PAR) insider Cathy King sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total value of $307,600.00. Following the transaction, the insider directly owned 122,919 shares of the company’s stock, valued at $1,890,494.22. The trade was a 13.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PAR Technology Stock Performance

Shares of PAR opened at $14.15 on Thursday. The company has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $23.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83. The firm has a market capitalization of $583.77 million, a PE ratio of -7.57 and a beta of 1.35. PAR Technology Corporation has a one year low of $11.59 and a one year high of $72.15.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $123.97 million during the quarter, compared to analyst estimates of $116.88 million. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) EPS. On average, analysts anticipate that PAR Technology Corporation will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Institutional investors have recently bought and sold shares of the business. Greenstone Partners & Co. LLC bought a new stake in PAR Technology during the fourth quarter valued at about $36,981,000. Long Focus Capital Management LLC grew its position in shares of PAR Technology by 4,210.9% during the third quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after purchasing an additional 857,218 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of PAR Technology during the fourth quarter worth about $27,274,000. Bandera Partners LLC bought a new stake in PAR Technology during the 1st quarter valued at approximately $9,331,000. Finally, Capital Research Global Investors lifted its holdings in PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after purchasing an additional 476,839 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PAR shares. The Goldman Sachs Group dropped their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Needham & Company LLC decreased their price target 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. JPMorgan Chase & Co. began coverage on shares of PAR Technology in a research report on Friday, May 29th. They set an “underweight” rating and a $12.00 price target for the company. William Blair restated an “outperform” rating on shares of PAR Technology in a report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a report on Friday, March 27th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.00.

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.