Stephens Investment Management Group LLC Purchases 56,036 Shares of PAR Technology Corporation $PAR

Stephens Investment Management Group LLC boosted its position in shares of PAR Technology Corporation (NYSE:PAR) by 54.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,959 shares of the software maker’s stock after acquiring an additional 56,036 shares during the quarter. Stephens Investment Management Group LLC owned 0.39% of PAR Technology worth $6,292,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Reinhart Partners LLC. increased its stake in shares of PAR Technology by 1.8% during the 3rd quarter. Reinhart Partners LLC. now owns 899,677 shares of the software maker’s stock worth $35,610,000 after purchasing an additional 15,885 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in PAR Technology during the third quarter worth about $242,000. Manning & Napier Advisors LLC acquired a new position in PAR Technology during the third quarter worth approximately $36,000. Peregrine Capital Management LLC raised its stake in PAR Technology by 40.1% in the third quarter. Peregrine Capital Management LLC now owns 275,268 shares of the software maker’s stock valued at $10,895,000 after buying an additional 78,724 shares during the period. Finally, Penbrook Management LLC lifted its position in shares of PAR Technology by 69.3% in the third quarter. Penbrook Management LLC now owns 12,755 shares of the software maker’s stock valued at $505,000 after buying an additional 5,220 shares during the last quarter.

PAR Technology Stock Performance

Shares of NYSE:PAR opened at $37.06 on Friday. PAR Technology Corporation has a 12-month low of $31.65 and a 12-month high of $75.75. The company’s 50 day moving average price is $36.25 and its two-hundred day moving average price is $44.86. The firm has a market cap of $1.50 billion, a PE ratio of -17.32 and a beta of 1.35. The company has a quick ratio of 1.51, a current ratio of 1.70 and a debt-to-equity ratio of 0.45.

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

Insiders Place Their Bets

In other news, major shareholder Voss Capital, Lp bought 146,789 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were purchased at an average cost of $36.51 per share, with a total value of $5,359,266.39. Following the acquisition, the insider directly owned 3,564,652 shares in the company, valued at $130,145,444.52. This represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan A. Menar sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the transaction, the chief financial officer owned 71,481 shares of the company’s stock, valued at $2,539,719.93. The trade was a 8.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased 196,035 shares of company stock worth $7,103,730 in the last 90 days. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PAR. The Goldman Sachs Group cut their price target on PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of PAR Technology in a research note on Friday, January 9th. BTIG Research reaffirmed a “buy” rating on shares of PAR Technology in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Finally, William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. Six 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.