PAR Technology (NYSE:PAR) Insider Cathy King Sells 1,517 Shares

PAR Technology Corporation (NYSE:PAR) insider Cathy King sold 1,517 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total value of $27,715.59. Following the completion of the transaction, the insider owned 56,626 shares in the company, valued at $1,034,557.02. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

PAR Technology Trading Up 4.3%

Shares of NYSE PAR traded up $0.81 during midday trading on Thursday, hitting $19.48. The stock had a trading volume of 1,065,916 shares, compared to its average volume of 1,523,789. The firm has a market cap of $801.60 million, a P/E ratio of -9.37 and a beta of 1.36. PAR Technology Corporation has a fifty-two week low of $15.44 and a fifty-two week high of $72.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.46. The company’s 50-day simple moving average is $28.13 and its 200 day simple moving average is $35.65.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group lowered their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday. Stephens dropped their price objective on PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. BTIG Research decreased their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Needham & Company LLC cut their price target on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and an average target price of $36.00.

Key Stories Impacting PAR Technology

Here are the key news stories impacting PAR Technology this week:

• Positive Sentiment: Voss Capital pushed for a strategic review and urged the board to explore all alternatives, increasing expectations of a potential sale or other value?unlocking transaction; activist involvement often lifts share prices on takeover/recapitalization hopes. Voss Capital Issues Open Letter to the Board of PAR Technology
• Positive Sentiment: Voss Capital has been buying shares across January–February (multiple SEC filings) and now owns ~13.2% of PAR; continued buying by a large shareholder reinforces the activist thesis and signals conviction. Voss Capital SEC Filing
• Neutral Sentiment: Unusual options flow: investors bought ~6,188 call contracts in a single session (?525% above average), indicating short?term speculative bullish interest that can amplify intraday moves. (No external article)
• Neutral Sentiment: Product update: PAR launched “PAR Retail Drive™ AI” — a product/technology release that supports long?term revenue potential but is unlikely to change near?term fundamentals by itself. PAR Technology Launches PAR Retail Drive™ AI
• Negative Sentiment: Large insider selling: CEO Savneet Singh sold 57,605 shares (Mar 3) and 14,310 shares (Mar 4), and the CFO/CAO also sold multiple tranches — sizable insider exits can raise governance/valuation concerns and weigh on sentiment. CEO Insider Sale SEC Filing
• Negative Sentiment: Analyst downgrade drove the stock to a 12?month low recently, highlighting near?term skepticism about the company’s outlook despite activist attention. PAR Technology Hits New 12-Month Low on Analyst Downgrade

Institutional Investors Weigh In On PAR Technology

A number of hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its holdings in PAR Technology by 3.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker’s stock worth $214,650,000 after buying an additional 201,782 shares during the period. Vanguard Group Inc. raised its holdings in shares of PAR Technology by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker’s stock worth $119,871,000 after acquiring an additional 12,250 shares during the period. Capital Research Global Investors lifted its position in PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after acquiring an additional 476,839 shares in the last quarter. Progeny 3 Inc. boosted its stake in PAR Technology by 18.7% in the 4th quarter. Progeny 3 Inc. now owns 2,056,308 shares of the software maker’s stock worth $74,603,000 after purchasing an additional 323,990 shares during the period. Finally, Invesco Ltd. increased its holdings in PAR Technology by 24.1% during the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after purchasing an additional 364,892 shares in 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.