Quantbot Technologies LP Invests $803,000 in PAR Technology Corporation $PAR

Quantbot Technologies LP acquired a new position in shares of PAR Technology Corporation (NYSE:PAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 46,115 shares of the software maker’s stock, valued at approximately $803,000. Quantbot Technologies LP owned approximately 0.11% of PAR Technology as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. State of Wyoming acquired a new position in PAR Technology during the 4th quarter worth approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of PAR Technology in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings in shares of PAR Technology by 325.5% in the second quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock valued at $89,000 after purchasing an additional 3,909 shares during the last quarter. MidFirst Bank bought a new stake in shares of PAR Technology in the fourth quarter worth $113,000. Finally, Corsair Capital Management L.P. bought a new stake in shares of PAR Technology in the first quarter worth $133,000.

PAR Technology Trading Up 1.4%

PAR stock opened at $19.63 on Thursday. PAR Technology Corporation has a one year low of $11.59 and a one year high of $53.24. The stock has a market cap of $811.90 million, a price-to-earnings ratio of -11.15 and a beta of 1.33. The company has a fifty day moving average price of $17.33 and a two-hundred day moving average price of $16.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $133.41 million during the quarter, compared to analysts’ expectations of $124.66 million. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. PAR Technology’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 EPS. Equities analysts anticipate that PAR Technology Corporation will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PAR shares. Jefferies Financial Group set a $18.00 target price on shares of PAR Technology in a research report on Saturday, May 9th. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research report on Tuesday, June 9th. UBS Group set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. The Goldman Sachs Group raised their price objective on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, BTIG Research dropped their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.61.

Insiders Place Their Bets

In other news, major shareholder Voss Capital, Lp bought 156,249 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the completion of the transaction, the insider owned 5,125,000 shares of the company’s stock, valued at $76,106,250. This trade represents a 3.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total value of $307,600.00. Following the transaction, the insider owned 122,919 shares in the company, valued at approximately $1,890,494.22. This trade represents a 13.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders purchased 361,518 shares of company stock worth $5,261,827 over the last three months. Insiders own 2.30% of the company’s stock.

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.