PAR Technology (NYSE:PAR) Director Narinder Singh Buys 11,518 Shares of Stock

PAR Technology Corporation (NYSE:PAR) Director Narinder Singh bought 11,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, with a total value of $199,952.48. Following the acquisition, the director directly owned 38,527 shares in the company, valued at $668,828.72. The trade was a 42.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $18.63 on Friday. The stock has a market capitalization of $770.41 million, a price-to-earnings ratio of -10.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83. The business has a 50-day moving average of $16.44 and a 200 day moving average of $16.68. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $54.62.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAR. Stephens Investment Management Group LLC increased its holdings in shares of PAR Technology by 77.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 282,790 shares of the software maker’s stock valued at $10,260,000 after acquiring an additional 123,831 shares during the last quarter. Reinhart Partners LLC. lifted its stake 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 purchasing an additional 410,183 shares during the last quarter. Rock Creek Group LP lifted its stake in PAR Technology by 316.7% during the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the software maker’s stock worth $9,070,000 after purchasing an additional 190,000 shares during the last quarter. Walleye Partners LLC acquired a new position in PAR Technology in the fourth quarter worth $2,689,000. Finally, Progeny 3 Inc. boosted its holdings in PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock worth $28,937,000 after purchasing an additional 114,500 shares during the period.

Analyst Upgrades and Downgrades

PAR has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. JPMorgan Chase & Co. upped their target price on PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada set a $16.00 price target on PAR Technology in a research note on Tuesday, June 9th. Finally, BTIG Research cut their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Five 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 company. Based on data from MarketBeat.com, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.61.

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.