PAR Technology (NYSE:PAR) Director Buys $199,952.48 in Stock

PAR Technology Corporation (NYSE:PAR) Director Narinder Singh bought 11,518 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. This trade represents a 42.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PAR Technology Stock Up 2.6%

PAR stock opened at $19.09 on Friday. The company has a market cap of $789.66 million, a price-to-earnings ratio of -10.85 and a beta of 1.33. The company has a fifty day moving average price of $16.55 and a 200 day moving average price of $16.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.83. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $54.62.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. Jefferies Financial Group set a $18.00 price objective on PAR Technology in a research note on Saturday, May 9th. The Goldman Sachs Group increased their price objective on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, BTIG Research cut their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in PAR Technology during the second quarter worth about $70,563,000. Greenstone Partners & Co. LLC purchased a new stake in PAR Technology in the 4th quarter valued at approximately $36,981,000. Bandera Partners LLC purchased a new stake in PAR Technology in the 1st quarter valued at approximately $9,331,000. Renaissance Technologies LLC acquired a new position in PAR Technology during the 1st quarter worth approximately $5,508,000. Finally, Reinhart Partners LLC. increased its position in PAR Technology by 45.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock worth $47,522,000 after purchasing an additional 410,183 shares during the period.

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.