Voss Capital, Lp Acquires 182,862 Shares of PAR Technology (NYSE:PAR) Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp acquired 182,862 shares of PAR Technology stock in a transaction that occurred on Tuesday, February 3rd. The shares were bought at an average cost of $22.89 per share, with a total value of $4,185,711.18. Following the transaction, the insider owned 4,075,000 shares in the company, valued at $93,276,750. This represents a 4.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Wednesday, February 4th, Voss Capital, Lp bought 65,100 shares of PAR Technology stock. The stock was bought at an average cost of $22.44 per share, for a total transaction of $1,460,844.00.
• On Friday, January 30th, Voss Capital, Lp purchased 2,138 shares of PAR Technology stock. The shares were bought at an average price of $26.21 per share, with a total value of $56,036.98.
• On Tuesday, January 27th, Voss Capital, Lp purchased 175,000 shares of PAR Technology stock. The stock was bought at an average cost of $29.12 per share, with a total value of $5,096,000.00.
• On Friday, January 23rd, Voss Capital, Lp acquired 10,000 shares of PAR Technology stock. The shares were purchased at an average cost of $31.71 per share, for a total transaction of $317,100.00.
• On Thursday, January 15th, Voss Capital, Lp bought 50,068 shares of PAR Technology stock. The stock was purchased at an average cost of $38.93 per share, with a total value of $1,949,147.24.
• On Wednesday, January 14th, Voss Capital, Lp purchased 41,034 shares of PAR Technology stock. The shares were purchased at an average cost of $39.10 per share, with a total value of $1,604,429.40.
• On Tuesday, January 6th, Voss Capital, Lp acquired 25,000 shares of PAR Technology stock. The stock was acquired at an average cost of $34.56 per share, for a total transaction of $864,000.00.
• On Monday, January 5th, Voss Capital, Lp bought 8,898 shares of PAR Technology stock. The stock was acquired at an average cost of $35.82 per share, with a total value of $318,726.36.
• On Wednesday, December 31st, Voss Capital, Lp purchased 15,348 shares of PAR Technology stock. The stock was acquired at an average price of $36.60 per share, with a total value of $561,736.80.
• On Tuesday, December 30th, Voss Capital, Lp acquired 146,789 shares of PAR Technology stock. The shares were acquired at an average cost of $36.51 per share, for a total transaction of $5,359,266.39.

PAR Technology Stock Performance

NYSE PAR traded up $0.81 during trading hours on Thursday, hitting $19.48. The company’s stock had a trading volume of 1,065,916 shares, compared to its average volume of 1,523,789. PAR Technology Corporation has a 12 month low of $15.44 and a 12 month high of $72.15. The company’s 50 day simple moving average is $28.13 and its two-hundred day simple moving average is $35.65. 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 has a market cap of $801.60 million, a P/E ratio of -9.37 and a beta of 1.36.

PAR Technology (NYSE:PAR) last posted its 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 net margin of 18.54% and a negative return on equity of 2.32%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Key Headlines 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

Hedge Funds Weigh In On PAR Technology

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PAR. Benchmark decreased their target price on shares of PAR Technology from $77.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group lowered their target price on PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday. BTIG Research dropped their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Needham & Company LLC reduced their price target on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

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.