PAR Technology Corporation $PAR Shares Bought by Rovida Advisors Inc.

Rovida Advisors Inc. lifted its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 50.6% during the 3rd quarter, Holdings Channel reports. The firm owned 750,000 shares of the software maker’s stock after buying an additional 252,156 shares during the period. PAR Technology makes up about 25.6% of Rovida Advisors Inc.’s holdings, making the stock its biggest position. Rovida Advisors Inc.’s holdings in PAR Technology were worth $29,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its stake in PAR Technology by 8.0% during the 1st quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock worth $1,255,000 after buying an additional 1,515 shares during the period. AQR Capital Management LLC purchased a new position in PAR Technology in the 1st quarter valued at approximately $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of PAR Technology by 4.6% in 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 acquiring an additional 874 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 5,594 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of PAR Technology by 28.5% in the first quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock valued at $14,200,000 after acquiring an additional 51,316 shares in the last quarter.

PAR Technology Price Performance

PAR stock opened at $19.48 on Friday. The business has a 50 day moving average price of $28.13 and a 200 day moving average price of $35.65. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. The stock has a market cap of $801.60 million, a price-to-earnings ratio of -9.37 and a beta of 1.36. PAR Technology Corporation has a fifty-two week low of $15.44 and a fifty-two week high of $72.15.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.16. The company had revenue of $120.10 million for the quarter, compared to analysts’ expectations of $116.39 million. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. The company’s revenue was up 14.4% on a year-over-year basis. Equities research analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PAR shares. Benchmark cut their price target on PAR Technology from $77.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group cut their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday. Needham & Company LLC reduced their target price on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Stephens decreased their price target on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Key Headlines Impacting PAR Technology

Here are the key news stories impacting PAR Technology this week:

• Positive Sentiment: Voss Capital publicly urged PAR’s board to “immediately explore a full range of strategic alternatives,” arguing PAR’s platform is attractive to private equity and strategic buyers — an activist campaign that can spark takeover interest or other value-unlocking events. Voss Capital Issues Open Letter to the Board of PAR Technology
• Positive Sentiment: Voss Capital has been actively accumulating shares in recent weeks (multiple buys totaling millions of dollars), increasing its beneficial ownership to roughly 13.2% — continued insider/major-holder buying signals conviction and can support the stock. SEC filing of these purchases is available. SEC filing with Voss purchases and reporting of the $14.6M buys: Voss Capital buys PAR Technology shares worth $14.6 million
• Positive Sentiment: Unusually large call-option activity (6,188 calls, a ~525% increase vs. typical) points to bullish speculator interest and short-term directional bets that can amplify upward moves. (No external article link provided in the feed.)
• Neutral Sentiment: Context: PAR’s recent fundamentals show revenue growth but negative net margin and negative ROE; 50-day and 200-day moving averages are well above current levels — technicals and fundamentals remain mixed and could limit upside absent a deal or operational improvement.
• Negative Sentiment: Multiple insiders (CEO Savneet Singh, CFO Bryan Menar, CAO Michael Steenberge, and director Cathy A. King) sold shares in early March — including sizable percentage reductions by the CEO and CFO — which can signal near-term insider liquidity-taking and adds selling pressure. Representative filings: CEO forms CEO Form 4, CFO form CFO Form 4, and Cathy King sale Cathy King Form 4

Insider Transactions at PAR Technology

In other news, major shareholder Voss Capital, Lp bought 65,100 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average price of $22.44 per share, for a total transaction of $1,460,844.00. Following the completion of the transaction, the insider owned 4,140,100 shares of the company’s stock, valued at approximately $92,903,844. This trade represents a 1.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Savneet Singh sold 14,310 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total value of $261,443.70. Following the completion of the sale, the chief executive officer directly owned 238,227 shares of the company’s stock, valued at $4,352,407.29. The trade was a 5.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders bought 722,237 shares of company stock valued at $21,772,998 and sold 97,189 shares valued at $1,831,171. 3.70% of the stock is currently owned by insiders.

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.