PAR Technology Corporation $PAR Stock Position Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 13.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 320,949 shares of the software maker’s stock after selling 48,971 shares during the period. Segall Bryant & Hamill LLC’s holdings in PAR Technology were worth $4,278,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of PAR Technology by 8.0% during the 1st quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock worth $1,255,000 after purchasing an additional 1,515 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of PAR Technology in the 1st quarter valued at $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in PAR Technology by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock worth $1,228,000 after purchasing an additional 874 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in PAR Technology by 186,466.7% in the first quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock worth $343,000 after purchasing an additional 5,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in PAR Technology by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock worth $14,200,000 after buying an additional 51,316 shares during the last quarter.

PAR Technology Stock Up 2.5%

PAR Technology stock opened at $17.37 on Tuesday. The firm has a market cap of $716.61 million, a price-to-earnings ratio of -9.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $61.23. The firm has a fifty day moving average price of $16.01 and a two-hundred day moving average price of $17.69.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $123.97 million during 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. As a group, analysts forecast that PAR Technology Corporation will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

PAR has been the topic of several recent research reports. Jefferies Financial Group set a $18.00 target price on PAR Technology in a report on Saturday, May 9th. Royal Bank Of Canada set a $16.00 price target on PAR Technology in a research note on Tuesday, June 9th. The Goldman Sachs Group raised their price objective on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Needham & Company LLC reduced their target price 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, JPMorgan Chase & Co. upped their target price on PAR Technology from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.17.

Insider Buying and Selling

In other PAR Technology news, insider Cathy A. King sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total value of $307,600.00. Following the sale, the insider owned 122,919 shares of the company’s stock, valued at $1,890,494.22. This trade represents a 13.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 156,249 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the completion of the acquisition, the insider owned 5,125,000 shares of the company’s stock, valued at approximately $76,106,250. The trade was a 3.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,069,900 shares of company stock worth $15,568,965 in the last ninety days. Insiders own 2.30% of the company’s stock.

PAR Technology 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.