SG Americas Securities LLC Purchases Shares of 751,761 PAR Technology Corporation $PAR

SG Americas Securities LLC purchased a new position in shares of PAR Technology Corporation (NYSE:PAR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 751,761 shares of the software maker’s stock, valued at approximately $27,274,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 1,515 shares during the last quarter. AQR Capital Management LLC acquired a new position in PAR Technology during the first quarter worth $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 acquiring an additional 874 shares in the last quarter. Jones Financial Companies Lllp raised its position 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 acquiring an additional 5,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in 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 during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PAR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. The Goldman Sachs Group dropped their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Friday, March 13th. Stephens lowered their price target on PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, BTIG Research dropped their price objective on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Activity

In other PAR Technology news, CEO Savneet Singh sold 57,605 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $17.49, for a total value of $1,007,511.45. Following the transaction, the chief executive officer directly owned 252,537 shares of the company’s stock, valued at $4,416,872.13. This represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Voss Capital, Lp acquired 182,862 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were bought at an average price of $22.89 per share, with a total value of $4,185,711.18. Following the completion of the transaction, the insider directly owned 4,075,000 shares of the company’s stock, valued at approximately $93,276,750. The trade was a 4.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 722,237 shares of company stock worth $21,772,998 and sold 90,689 shares worth $1,600,226. 3.70% of the stock is owned by corporate insiders.

PAR Technology Trading Up 1.0%

PAR stock opened at $13.53 on Friday. PAR Technology Corporation has a one year low of $12.48 and a one year high of $72.15. The stock has a market cap of $556.55 million, a price-to-earnings ratio of -6.50 and a beta of 1.36. The company has a fifty day moving average price of $21.57 and a two-hundred day moving average price of $31.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.46.

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

PAR Technology 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.