46,115 Shares in PAR Technology Corporation $PAR Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of PAR Technology Corporation (NYSE:PAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,115 shares of the software maker’s stock, valued at approximately $803,000.

A number of other institutional investors have also recently bought and sold shares of PAR. ProShare Advisors LLC boosted its holdings in PAR Technology by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker’s stock valued at $266,000 after purchasing an additional 471 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of PAR Technology by 3.3% during the second quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock worth $1,153,000 after purchasing an additional 548 shares during the period. &PARTNERS raised its position in shares of PAR Technology by 10.6% in the fourth quarter. &PARTNERS now owns 6,444 shares of the software maker’s stock valued at $234,000 after buying an additional 620 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of PAR Technology by 6.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker’s stock valued at $357,000 after buying an additional 622 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 valued at $1,228,000 after buying an additional 874 shares during the period.

PAR Technology Stock Performance

PAR Technology stock opened at $19.63 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.21 and a debt-to-equity ratio of 0.52. The stock has a market cap of $811.90 million, a PE ratio of -11.15 and a beta of 1.33. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $53.24. The business’s 50-day moving average price is $17.33 and its two-hundred day moving average price is $16.25.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The firm had revenue of $133.41 million during the quarter, compared to analysts’ expectations of $124.66 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, analysts expect that PAR Technology Corporation will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Narinder Singh acquired 11,518 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the transaction, the director directly owned 38,527 shares in the company, valued at $668,828.72. This trade represents a 42.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Voss Capital, Lp acquired 193,751 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $14.15 per share, with a total value of $2,741,576.65. Following the purchase, the insider owned 4,968,751 shares in the company, valued at $70,307,826.65. The trade was a 4.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 361,518 shares of company stock worth $5,261,827 in the last three months. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on PAR. Royal Bank Of Canada set a $16.00 price target on PAR Technology in a research report on Tuesday, June 9th. UBS Group set a $16.00 price objective on PAR Technology in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PAR Technology in a research report on Friday, July 10th. BTIG Research reduced their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, The Goldman Sachs Group raised their price target on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PAR Technology has an average 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.