Insider Selling: PAR Technology (NYSE:PAR) CFO Sells 6,588 Shares of Stock

PAR Technology Corporation (NYSE:PAR) CFO Bryan Menar sold 6,588 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total value of $115,224.12. Following the sale, the chief financial officer owned 64,893 shares of the company’s stock, valued at $1,134,978.57. This trade represents a 9.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PAR Technology Stock Performance

Shares of PAR stock traded up $0.81 during mid-day 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 company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.46. The firm has a market cap of $801.60 million, a PE 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’s 50-day simple moving average is $28.13 and its 200-day simple moving average is $35.65.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAR. BTIG Research lowered their price target on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Stephens lowered their target price on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Benchmark lowered their price target on PAR Technology from $77.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

More PAR Technology News

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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MidFirst Bank bought a new stake in shares of PAR Technology in the fourth quarter worth $113,000. T. Rowe Price Investment Management Inc. raised its stake in shares of PAR Technology by 3.5% during the fourth 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 in the last quarter. Invesco Ltd. lifted its stake in shares of PAR Technology by 17.3% in the 4th quarter. Invesco Ltd. now owns 44,255 shares of the software maker’s stock worth $1,606,000 after acquiring an additional 6,519 shares during the period. Corient Private Wealth LLC grew its holdings in PAR Technology by 78.3% during the fourth quarter. Corient Private Wealth LLC now owns 76,097 shares of the software maker’s stock worth $2,761,000 after acquiring an additional 33,407 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in PAR Technology during the fourth quarter valued at approximately $235,000.

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.