PAR Technology Corporation (NYSE:PAR - Get Free Report) major shareholder Voss Capital, Lp bought 156,249 shares of the business'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 in the company, valued at approximately $76,106,250. This trade represents a 3.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Voss Capital, Lp also recently made the following trade(s):
- On Thursday, June 11th, Voss Capital, Lp purchased 193,751 shares of PAR Technology stock. The stock was bought at an average price of $14.15 per share, for a total transaction of $2,741,576.65.
- On Friday, May 15th, Voss Capital, Lp purchased 125,000 shares of PAR Technology stock. The stock was bought at an average cost of $14.62 per share, with a total value of $1,827,500.00.
- On Thursday, May 14th, Voss Capital, Lp acquired 594,900 shares of PAR Technology stock. The shares were purchased at an average cost of $14.59 per share, with a total value of $8,679,591.00.
PAR Technology Trading Down 1.8%
Shares of PAR Technology stock opened at $14.64 on Tuesday. The company has a market capitalization of $603.82 million, a price-to-earnings ratio of -7.83 and a beta of 1.35. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $72.15. The firm's 50-day moving average price is $14.15 and its two-hundred day moving average price is $22.49.
PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company had revenue of $123.97 million during the quarter, compared to analysts' expectations of $116.88 million. During the same period in the previous year, the company earned ($0.01) EPS. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. On average, analysts forecast that PAR Technology Corporation will post -0.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On PAR Technology
A number of institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its stake in PAR Technology by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker's stock valued at $266,000 after purchasing an additional 471 shares during the last quarter. SkyView Investment Advisors LLC grew 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 last quarter. &PARTNERS increased its holdings in shares of PAR Technology by 10.6% during the fourth quarter. &PARTNERS now owns 6,444 shares of the software maker's stock worth $234,000 after buying an additional 620 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of PAR Technology by 6.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker's stock valued at $357,000 after acquiring an additional 622 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of PAR Technology in the 3rd quarter valued at $26,000.
Analyst Upgrades and Downgrades
Several brokerages have commented on PAR. Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a research report on Saturday, May 9th. BTIG Research reduced 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. JPMorgan Chase & Co. upgraded PAR Technology from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $12.00 to $16.00 in a research note on Tuesday, June 9th. Needham & Company LLC lowered their price target on PAR Technology from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, April 9th. Finally, Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a research report on Tuesday, June 9th. Five equities research 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 MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.78.
Check Out Our Latest Stock Report on PAR Technology
PAR Technology Company Profile
(
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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