GSA Capital Partners LLP Invests $652,000 in PAR Technology Corporation $PAR

GSA Capital Partners LLP purchased a new stake in PAR Technology Corporation (NYSE:PAR) in the second quarter, according to its most recent filing with the SEC. The fund purchased 37,426 shares of the software maker’s stock, valued at approximately $652,000.

Several other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its stake in PAR Technology by 3.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker’s stock valued at $214,650,000 after purchasing an additional 201,782 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of PAR Technology by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker’s stock worth $119,871,000 after buying an additional 12,250 shares during the last quarter. Progeny 3 Inc. boosted its holdings in shares of PAR Technology by 5.6% in the 1st quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after buying an additional 114,500 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of PAR Technology by 45.6% in the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock valued at $47,522,000 after buying an additional 410,183 shares during the period. Finally, Greenstone Partners & Co. LLC bought a new stake in shares of PAR Technology during the 4th quarter valued at about $36,981,000.

PAR Technology Stock Down 2.0%

PAR stock opened at $18.89 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.21 and a debt-to-equity ratio of 0.52. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $54.62. The firm’s 50-day simple moving average is $16.97 and its 200 day simple moving average is $16.35. The stock has a market cap of $781.29 million, a PE ratio of -10.73 and a beta of 1.33.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The firm had revenue of $133.41 million during the quarter, compared to analyst estimates of $124.66 million. During the same period in the previous year, the business posted $0.03 EPS. PAR Technology’s revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts predict that PAR Technology Corporation will post -0.13 EPS for the current year.

Insider Buying and Selling at PAR Technology

In other news, insider Cathy A. King sold 20,000 shares of PAR Technology stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the sale, the insider owned 122,919 shares of the company’s stock, valued at approximately $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Narinder Singh acquired 11,518 shares of PAR Technology stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $17.36 per share, with a total value of $199,952.48. Following the completion of the transaction, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This trade represents a 42.65% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 361,518 shares of company stock worth $5,261,827. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on PAR. Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a research note on Saturday, May 9th. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a report on Tuesday, June 9th. UBS Group set a $16.00 price target on PAR Technology in a research report on Tuesday, June 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. Finally, BTIG Research reduced their price objective on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PAR Technology currently has a consensus rating of “Moderate Buy” and an average price target of $24.61.

PAR Technology Company Profile

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.