Elizabeth Codner Sells 653 Shares of PAR Technology (NYSE:PAR) Stock

PAR Technology Corporation (NYSE:PAR) insider Elizabeth Codner sold 653 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $19.29, for a total transaction of $12,596.37. Following the completion of the transaction, the insider directly owned 30,789 shares in the company, valued at approximately $593,919.81. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PAR Technology Trading Down 4.1%

Shares of NYSE:PAR opened at $17.64 on Thursday. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $47.89. The stock has a market cap of $729.59 million, a PE ratio of -10.02 and a beta of 1.33. The business has a 50 day moving average of $17.86 and a 200-day moving average of $16.06. 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 (NYSE:PAR) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $133.41 million for the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, equities research analysts forecast that PAR Technology Corporation will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BTIG Research dropped their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a 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. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group lifted their price objective on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and an average target price of $24.61.

Institutional Trading of PAR Technology

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of PAR Technology by 8.0% in the first quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock worth $1,255,000 after purchasing an additional 1,515 shares during the period. AQR Capital Management LLC acquired a new position in PAR Technology in the first quarter valued at about $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PAR Technology by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock worth $1,228,000 after purchasing an additional 874 shares during the period. Jones Financial Companies Lllp grew its stake in PAR Technology by 186,466.7% during the first quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock worth $343,000 after buying an additional 5,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in PAR Technology by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock worth $14,200,000 after buying an additional 51,316 shares in the last quarter.

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.