PAR Technology (NYSE:PAR) Major Shareholder Voss Capital, Lp Acquires 15,348 Shares of Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp bought 15,348 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $36.60 per share, for a total transaction of $561,736.80. Following the completion of the acquisition, the insider directly owned 3,580,000 shares of the company’s stock, valued at approximately $131,028,000. This represents a 0.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 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 Tuesday, January 6th, Voss Capital, Lp purchased 25,000 shares of PAR Technology stock. The shares were bought at an average price of $34.56 per share, with a total value of $864,000.00.
• On Monday, January 5th, Voss Capital, Lp purchased 8,898 shares of PAR Technology stock. The stock was purchased at an average price of $35.82 per share, for a total transaction of $318,726.36.
• On Tuesday, December 30th, Voss Capital, Lp acquired 146,789 shares of PAR Technology stock. The shares were purchased at an average cost of $36.51 per share, for a total transaction of $5,359,266.39.

PAR Technology Stock Down 1.7%

NYSE:PAR traded down $0.60 on Wednesday, reaching $34.80. 511,910 shares of the stock traded hands, compared to its average volume of 503,927. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -16.26 and a beta of 1.35. PAR Technology Corporation has a 12 month low of $31.65 and a 12 month high of $77.55. The company’s fifty day simple moving average is $35.82 and its 200 day simple moving average is $46.37.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $119.18 million for the quarter, compared to analysts’ expectations of $112.23 million. PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS. Equities analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of PAR Technology by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,291,802 shares of the software maker’s stock valued at $130,290,000 after acquiring an additional 15,131 shares during the period. Capital Research Global Investors increased its stake in shares of PAR Technology by 17.3% in the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after purchasing an additional 476,839 shares in the last quarter. Invesco Ltd. lifted its stake 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 valued at $130,224,000 after buying an additional 364,892 shares in the last quarter. Bamco Inc. NY boosted its holdings in PAR Technology by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock worth $121,494,000 after buying an additional 137,434 shares during the period. Finally, Progeny 3 Inc. increased its stake in PAR Technology by 16.9% in the 3rd quarter. Progeny 3 Inc. now owns 1,732,318 shares of the software maker’s stock worth $68,565,000 after buying an additional 249,923 shares in the last quarter.

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.