PAR Technology (NYSE:PAR) Major Shareholder Voss Capital, Lp Buys 193,751 Shares

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp acquired 193,751 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $14.15 per share, for a total transaction of $2,741,576.65. Following the transaction, the insider directly owned 4,968,751 shares of the company’s stock, valued at approximately $70,307,826.65. This trade represents a 4.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, June 12th, Voss Capital, Lp acquired 156,249 shares of PAR Technology stock. The shares were bought at an average cost of $14.85 per share, for a total transaction of $2,320,297.65.
• On Friday, May 15th, Voss Capital, Lp acquired 125,000 shares of PAR Technology stock. The shares were bought at an average cost of $14.62 per share, for a total transaction of $1,827,500.00.
• On Thursday, May 14th, Voss Capital, Lp acquired 594,900 shares of PAR Technology stock. The shares were bought at an average cost of $14.59 per share, for a total transaction of $8,679,591.00.

PAR Technology Stock Down 1.8%

Shares of PAR Technology stock traded down $0.26 during trading hours on Monday, reaching $14.64. 1,316,900 shares of the company 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 stock’s fifty day moving average is $14.15 and its 200 day moving average is $22.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10. The firm has a market cap of $603.82 million, a PE ratio of -7.83 and a beta of 1.35.

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

Hedge Funds Weigh In On PAR Technology

Several hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in shares of PAR Technology by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker’s stock worth $266,000 after buying an additional 471 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of PAR Technology by 3.3% during the second quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock worth $1,153,000 after buying an additional 548 shares during the period. &PARTNERS increased its holdings in PAR Technology by 10.6% in the fourth quarter. &PARTNERS now owns 6,444 shares of the software maker’s stock valued at $234,000 after buying an additional 620 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of PAR Technology by 6.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker’s stock worth $357,000 after purchasing an additional 622 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of PAR Technology during the 3rd quarter worth approximately $26,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PAR shares. BTIG Research dropped their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a report on Tuesday, June 9th. Benchmark dropped their target price on PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, March 16th. The Goldman Sachs Group dropped their target price on PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. raised PAR Technology from an “underweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $16.00 in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.78.

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.