PAR Technology (NYSE:PAR) CAO Michael Anthony Steenberge Sells 2,342 Shares of Stock

PAR Technology Corporation (NYSE:PAR) CAO Michael Anthony Steenberge sold 2,342 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total transaction of $40,961.58. Following the transaction, the chief accounting officer owned 26,439 shares of the company’s stock, valued at $462,418.11. The trade was a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Anthony Steenberge also recently made the following trade(s):

• On Wednesday, March 4th, Michael Anthony Steenberge sold 582 shares of PAR Technology stock. The stock was sold at an average price of $18.27, for a total transaction of $10,633.14.

PAR Technology Stock Down 4.0%

Shares of NYSE PAR traded down $0.78 during mid-day trading on Friday, hitting $18.74. The company had a trading volume of 536,425 shares, compared to its average volume of 1,379,451. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $28.13 and a two-hundred day simple moving average of $35.65. The company has a market capitalization of $771.15 million, a PE ratio of -9.01 and a beta of 1.36. PAR Technology Corporation has a one year low of $15.44 and a one year high of $72.15.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.16. PAR Technology had a negative return on equity of 2.32% and a negative net margin of 18.54%.The firm had revenue of $120.10 million during the quarter, compared to analysts’ expectations of $116.39 million. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts expect that PAR Technology Corporation will post -1.47 EPS for the current year.

Institutional Investors Weigh In On PAR Technology

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in PAR Technology by 8.0% in the 1st quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock valued at $1,255,000 after acquiring an additional 1,515 shares during the period. AQR Capital Management LLC bought a new stake in shares of PAR Technology in the first quarter worth $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $1,228,000 after purchasing an additional 874 shares during the period. Jones Financial Companies Lllp raised its position in PAR Technology by 186,466.7% during the 1st quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock worth $343,000 after purchasing an additional 5,594 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in PAR Technology by 28.5% during the 1st 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 during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAR. Needham & Company LLC dropped their price target on PAR Technology from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. The Goldman Sachs Group cut their target price on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday. BTIG Research lowered their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Stephens dropped their target price on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Trending Headlines about PAR Technology

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

• Positive Sentiment: Major institutional buying — Voss Capital disclosed several purchases across Jan–Feb that together equal roughly $14.6M of stock and lifted its stake to ~4.14M shares, signaling strong institutional conviction that can support the share price. Voss Capital buys PAR Technology (PAR) shares worth $14.6 million
• Positive Sentiment: Elevated call‑option activity was reported (sharp spike in call volume), which often accompanies short‑term bullish positioning and dealer hedging flows that can prop up the stock in the near term.
• Neutral Sentiment: Recent fundamentals: PAR beat consensus in its Feb. 26 quarter (revenue +14.4% y/y; EPS beat), which supports medium‑term valuation but may already be reflected in the price.
• Neutral Sentiment: Context on Voss buys: those purchases occurred across multiple dates and prices (mid‑$30s down into low‑$20s), which shows accumulation at varied levels but does not guarantee further buying. Voss Capital SEC filing
• Negative Sentiment: Significant insider selling — CEO Savneet Singh (large blocks sold on Mar 3 and Mar 4), CFO Bryan Menar, CAO Michael Steenberge and director Cathy King sold multiple tranches around $17–$18. Executive sales at these levels are likely the primary driver of today’s downward pressure on sentiment. Relevant filings: Insider trades summary and SEC Form 4 disclosures CEO filings CFO filings CAO filings Director filings

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.