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 company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total transaction of $40,961.58. Following the completion of the sale, the chief accounting officer directly owned 26,439 shares of the company’s stock, valued at $462,418.11. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $18.27, for a total value of $10,633.14.

PAR Technology Stock Performance

PAR stock traded up $0.81 during midday trading on Thursday, hitting $19.48. The company’s stock had a trading volume of 1,065,916 shares, compared to its average volume of 1,523,789. The stock has a market cap of $801.60 million, a price-to-earnings ratio of -9.37 and a beta of 1.36. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average price is $28.13 and its 200 day moving average price is $35.65. PAR Technology Corporation has a 1 year low of $15.44 and a 1 year high of $72.15.

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

Key Stories Impacting PAR Technology

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

• Positive Sentiment: Voss Capital pushed for a strategic review and urged the board to explore all alternatives, increasing expectations of a potential sale or other value‑unlocking transaction; activist involvement often lifts share prices on takeover/recapitalization hopes. Voss Capital Issues Open Letter to the Board of PAR Technology
• Positive Sentiment: Voss Capital has been buying shares across January–February (multiple SEC filings) and now owns ~13.2% of PAR; continued buying by a large shareholder reinforces the activist thesis and signals conviction. Voss Capital SEC Filing
• Neutral Sentiment: Unusual options flow: investors bought ~6,188 call contracts in a single session (≈525% above average), indicating short‑term speculative bullish interest that can amplify intraday moves. (No external article)
• Neutral Sentiment: Product update: PAR launched “PAR Retail Drive™ AI” — a product/technology release that supports long‑term revenue potential but is unlikely to change near‑term fundamentals by itself. PAR Technology Launches PAR Retail Drive™ AI
• Negative Sentiment: Large insider selling: CEO Savneet Singh sold 57,605 shares (Mar 3) and 14,310 shares (Mar 4), and the CFO/CAO also sold multiple tranches — sizable insider exits can raise governance/valuation concerns and weigh on sentiment. CEO Insider Sale SEC Filing
• Negative Sentiment: Analyst downgrade drove the stock to a 12‑month low recently, highlighting near‑term skepticism about the company’s outlook despite activist attention. PAR Technology Hits New 12-Month Low on Analyst Downgrade

Institutional Investors Weigh In On PAR Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stephens Investment Management Group LLC grew its stake in PAR Technology by 54.4% in the 3rd quarter. Stephens Investment Management Group LLC now owns 158,959 shares of the software maker’s stock worth $6,292,000 after buying an additional 56,036 shares in the last quarter. Geode Capital Management LLC grew its position in PAR Technology by 13.2% in the second quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock worth $65,389,000 after acquiring an additional 110,160 shares in the last quarter. Invesco Ltd. increased its stake in PAR Technology by 24.1% in the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock valued at $130,224,000 after acquiring an additional 364,892 shares during the last quarter. AXA S.A. raised its position in PAR Technology by 360.1% during the second quarter. AXA S.A. now owns 298,985 shares of the software maker’s stock valued at $20,741,000 after purchasing an additional 234,009 shares in the last quarter. Finally, Bamco Inc. NY lifted its stake in PAR Technology by 8.5% during the second quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock worth $121,494,000 after purchasing an additional 137,434 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PAR shares. Needham & Company LLC decreased their price target on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. The Goldman Sachs Group decreased their target price on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. Benchmark cut their price target on PAR Technology from $77.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BTIG Research decreased their price objective on PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.00.

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.