PAR Technology (NYSE:PAR) Major Shareholder Purchases $2,320,297.65 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp purchased 156,249 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the transaction, the insider owned 5,125,000 shares in the company, valued at $76,106,250. This trade represents a 3.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Thursday, June 11th, Voss Capital, Lp purchased 193,751 shares of PAR Technology stock. The shares were acquired at an average price of $14.15 per share, with a total value of $2,741,576.65.
• On Friday, May 15th, Voss Capital, Lp purchased 125,000 shares of PAR Technology stock. The shares were acquired at an average price of $14.62 per share, with a total value of $1,827,500.00.
• On Thursday, May 14th, Voss Capital, Lp purchased 594,900 shares of PAR Technology stock. The shares were acquired at an average price of $14.59 per share, with a total value of $8,679,591.00.

PAR Technology Trading Down 1.8%

Shares of NYSE:PAR traded down $0.26 during trading on Monday, hitting $14.64. 1,316,900 shares of the company’s stock were exchanged, compared to its average volume of 1,290,881. PAR Technology Corporation has a 1-year low of $11.59 and a 1-year high of $72.15. The firm has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $22.49. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The firm has a market cap of $603.82 million, a P/E ratio of -7.83 and a beta of 1.35.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $123.97 million during the quarter, compared to analysts’ expectations of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Equities analysts predict that PAR Technology Corporation will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PAR. Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a report on Tuesday, June 9th. William Blair restated an “outperform” rating on shares of PAR Technology in a report on Friday, March 13th. The Goldman Sachs Group decreased their price objective on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Stephens decreased their price objective 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. Finally, BTIG Research decreased their price objective on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a report on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of PAR Technology by 4.7% in the first quarter. Bank of America Corp DE now owns 118,705 shares of the software maker’s stock valued at $1,582,000 after buying an additional 5,374 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of PAR Technology by 199.8% in the first quarter. Quantinno Capital Management LP now owns 73,935 shares of the software maker’s stock valued at $986,000 after buying an additional 49,276 shares during the period. Progeny 3 Inc. boosted its holdings in shares of PAR Technology by 5.6% in the first 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. ABS Direct Equity Fund LLC boosted its holdings in shares of PAR Technology by 15.4% in the first quarter. ABS Direct Equity Fund LLC now owns 150,000 shares of the software maker’s stock valued at $2,000,000 after buying an additional 20,000 shares during the period. Finally, Corsair Capital Management L.P. acquired a new position in shares of PAR Technology in the first quarter valued at approximately $133,000.

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.