Insider Buying: PAR Technology (NYSE:PAR) Major Shareholder Acquires $864,000.00 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp acquired 25,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were purchased at an average price of $34.56 per share, with a total value of $864,000.00. Following the transaction, the insider owned 3,613,898 shares in the company, valued at $124,896,314.88. The trade was a 0.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, January 5th, Voss Capital, Lp bought 8,898 shares of PAR Technology stock. The stock was purchased at an average cost of $35.82 per share, for a total transaction of $318,726.36.
• On Wednesday, December 31st, Voss Capital, Lp purchased 15,348 shares of PAR Technology stock. The shares were purchased at an average cost of $36.60 per share, with a total value of $561,736.80.
• On Tuesday, December 30th, Voss Capital, Lp acquired 146,789 shares of PAR Technology stock. The stock was purchased at an average price of $36.51 per share, with a total value of $5,359,266.39.

PAR Technology Stock Performance

NYSE PAR traded down $0.60 on Wednesday, hitting $34.80. 511,910 shares of the company’s stock were exchanged, compared to its average volume of 503,927. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -16.26 and a beta of 1.35. The firm’s 50-day moving average price is $35.82 and its two-hundred day moving average price is $46.37. PAR Technology Corporation has a fifty-two week low of $31.65 and a fifty-two week high of $77.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.51.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $119.18 million during the quarter, compared to analysts’ expectations of $112.23 million. PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, research analysts expect that PAR Technology Corporation will post -1.47 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on PAR shares. BTIG Research reduced their price objective on shares of PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. The Goldman Sachs Group reduced their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of PAR Technology in a research note on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vident Advisory LLC acquired a new position in shares of PAR Technology during the 1st quarter worth approximately $222,000. Royal Bank of Canada grew its holdings 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 valued at $1,255,000 after buying an additional 1,515 shares during the last quarter. AQR Capital Management LLC purchased a new position in PAR Technology during the first quarter worth $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of PAR Technology by 186,466.7% in the first quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock valued at $343,000 after acquiring an additional 5,594 shares in the last quarter.

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.