PAR Technology (NYSE:PAR) Director Acquires $199,952.48 in Stock

PAR Technology Corporation (NYSE:PAR) Director Narinder Singh bought 11,518 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $17.36 per share, with a total value of $199,952.48. Following the completion of the transaction, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. The trade was a 42.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PAR Technology Price Performance

PAR traded up $0.72 during trading hours on Thursday, hitting $18.63. The company’s stock had a trading volume of 1,049,647 shares, compared to its average volume of 1,487,422. The business’s 50-day moving average price is $16.35 and its 200-day moving average price is $16.77. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $54.62. The stock has a market cap of $770.47 million, a price-to-earnings ratio of -10.58 and a beta of 1.33. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51.

Analyst Ratings Changes

PAR has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. The Goldman Sachs Group increased their price target on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. BTIG Research reduced their price objective on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $18.00 target price on PAR Technology in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.61.

Institutional Investors Weigh In On PAR Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 purchasing an additional 1,515 shares during the last quarter. AQR Capital Management LLC bought a new stake in PAR Technology in the first quarter worth about $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 valued at $1,228,000 after buying an additional 874 shares during the period. Jones Financial Companies Lllp boosted its position in shares of 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 valued at $343,000 after buying an additional 5,594 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of PAR Technology by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock valued at $14,200,000 after buying an additional 51,316 shares during the period.

About PAR Technology

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.