Insider Buying: PAR Technology (NYSE:PAR) Major Shareholder Buys 8,898 Shares of Stock

Key Points

  • Voss Capital materially increased its PAR stake with four purchases from Dec. 30 to Jan. 6 totaling about 196,035 shares (~$7.1M), lifting its ownership to roughly 3.59 million shares (about a 0.25% increase).
  • PAR posted revenue up 23.1% to $119.18M but missed on EPS (reported $0.06 vs. $0.09 consensus), carries a negative P/E and margins, while analysts hold a consensus rating of “Moderate Buy” with an average price target of $64.00.

PAR Technology Corporation (NYSE:PAR - Get Free Report) major shareholder Voss Capital, Lp purchased 8,898 shares of the business's stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of $35.82 per share, for a total transaction of $318,726.36. Following the purchase, the insider owned 3,588,898 shares in the company, valued at $128,554,326.36. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, January 6th, Voss Capital, Lp acquired 25,000 shares of PAR Technology stock. The shares were bought at an average cost of $34.56 per share, with a total value of $864,000.00.
  • On Wednesday, December 31st, Voss Capital, Lp bought 15,348 shares of PAR Technology stock. The stock was bought at an average cost of $36.60 per share, for a total transaction of $561,736.80.
  • On Tuesday, December 30th, Voss Capital, Lp purchased 146,789 shares of PAR Technology stock. The stock was bought at an average cost of $36.51 per share, with a total value of $5,359,266.39.

PAR Technology Stock Performance




Shares of NYSE:PAR opened at $34.80 on Thursday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -16.26 and a beta of 1.35. The firm's 50 day simple moving average is $35.82 and its 200 day simple moving average is $46.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.51. PAR Technology Corporation has a fifty-two week low of $31.65 and a fifty-two week high of $77.55.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The firm had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company's revenue for the quarter was up 23.1% on a year-over-year basis. As a group, sell-side analysts forecast that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in PAR Technology by 13.2% during the 2nd quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker's stock valued at $65,389,000 after purchasing an additional 110,160 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of PAR Technology during the 2nd quarter worth about $7,140,000. Invesco Ltd. boosted its holdings in shares of PAR Technology by 24.1% during the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker's stock worth $130,224,000 after buying an additional 364,892 shares during the period. AXA S.A. raised its holdings in PAR Technology by 360.1% in the 2nd quarter. AXA S.A. now owns 298,985 shares of the software maker's stock valued at $20,741,000 after acquiring an additional 234,009 shares during the period. Finally, Bamco Inc. NY lifted its position 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 acquiring an additional 137,434 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAR. The Goldman Sachs Group lowered their price objective on shares of PAR Technology from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. William Blair reiterated an "outperform" rating on shares of PAR Technology in a report on Tuesday, October 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of PAR Technology in a research report on Thursday, November 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of PAR Technology in a research report on Monday, December 29th. Finally, BTIG Research reduced their price target on PAR Technology from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Get Our Latest Stock Analysis on PAR Technology

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About PAR Technology

(Get Free Report)

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.

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