32,243 Shares in PAR Technology Corporation $PAR Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of PAR Technology Corporation (NYSE:PAR) during the 1st quarter, Holdings Channel.com reports. The fund purchased 32,243 shares of the software maker’s stock, valued at approximately $422,000.

A number of other large investors have also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of PAR Technology in the 4th quarter valued at about $34,000. Kestra Advisory Services LLC bought a new stake in shares of PAR Technology in the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC raised its holdings in shares of PAR Technology by 278.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock valued at $216,000 after purchasing an additional 2,291 shares during the period. MidFirst Bank acquired a new stake in PAR Technology in the 4th quarter valued at about $113,000. Finally, AQR Capital Management LLC bought a new position in PAR Technology during the first quarter worth about $309,000.

PAR Technology Stock Performance

Shares of PAR stock opened at $16.91 on Friday. PAR Technology Corporation has a 52 week low of $11.59 and a 52 week high of $62.55. The company has a market capitalization of $697.46 million, a price-to-earnings ratio of -9.04 and a beta of 1.32. The company has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $17.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $123.97 million for the quarter, compared to analysts’ expectations of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. On average, sell-side analysts predict that PAR Technology Corporation will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAR has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $18.00 price target on PAR Technology in a research report on Saturday, May 9th. The Goldman Sachs Group lifted their target price on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. UBS Group set a $16.00 target price on PAR Technology in a research note on Tuesday, June 9th. JPMorgan Chase & Co. boosted their target price on PAR Technology from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada set a $16.00 price target on PAR Technology in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and an average price target of $26.17.

Insider Buying and Selling

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 company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total value of $307,600.00. Following the completion of the transaction, the insider directly owned 122,919 shares in the company, valued at $1,890,494.22. The trade was a 13.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have bought 1,069,900 shares of company stock valued at $15,568,965. Corporate insiders own 2.30% of the company’s stock.

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.