PAR Technology (NYSE:PAR) Sets New 52-Week Low – Should You Sell?

PAR Technology Corporation (NYSE:PAR) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $12.42 and last traded at $12.6320, with a volume of 36369 shares traded. The stock had previously closed at $12.84.

Wall Street Analysts Forecast Growth

PAR has been the topic of several analyst reports. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Stephens lowered their price objective on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. BTIG Research lowered their price objective on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, The Goldman Sachs Group cut their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

PAR Technology Trading Up 0.2%

The business’s 50-day simple moving average is $19.77 and its 200-day simple moving average is $30.89. The company has a market cap of $530.51 million, a PE ratio of -6.17 and a beta of 1.48. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.16. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. The business had revenue of $120.10 million for the quarter, compared to analysts’ expectations of $116.39 million. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts expect that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Insider Transactions at PAR Technology

In other PAR Technology news, CEO Savneet Singh sold 57,605 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total value of $1,007,511.45. Following the transaction, the chief executive officer directly owned 252,537 shares of the company’s stock, valued at $4,416,872.13. This represents a 18.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Voss Capital, Lp purchased 182,862 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average cost of $22.89 per share, with a total value of $4,185,711.18. Following the completion of the purchase, the insider directly owned 4,075,000 shares in the company, valued at approximately $93,276,750. This represents a 4.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 560,100 shares of company stock worth $15,851,995 and sold 90,689 shares worth $1,600,226. Insiders own 3.70% of the company’s stock.

Institutional Trading of PAR Technology

Several large investors have recently added to or reduced their stakes in PAR. Greenstone Partners & Co. LLC acquired a new position in shares of PAR Technology during the 4th quarter worth $36,981,000. Long Focus Capital Management LLC lifted its stake in shares of PAR Technology by 4,210.9% in the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock valued at $34,734,000 after purchasing an additional 857,218 shares during the last quarter. SG Americas Securities LLC bought a new stake in PAR Technology in the fourth quarter worth $27,274,000. Capital Research Global Investors increased its position in PAR Technology by 17.3% during the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after buying an additional 476,839 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in PAR Technology by 45.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock worth $47,522,000 after buying an additional 410,183 shares during the last quarter.

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.