PAR Technology (NYSE:PAR) Major Shareholder Acquires $1,460,844.00 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp acquired 65,100 shares of the stock in a transaction dated Wednesday, February 4th. The stock was acquired at an average price of $22.44 per share, with a total value of $1,460,844.00. Following the completion of the acquisition, the insider owned 4,140,100 shares in the company, valued at approximately $92,903,844. The trade was a 1.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% 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 Tuesday, February 3rd, Voss Capital, Lp bought 182,862 shares of PAR Technology stock. The shares were acquired at an average cost of $22.89 per share, for a total transaction of $4,185,711.18.
• On Friday, January 30th, Voss Capital, Lp bought 2,138 shares of PAR Technology stock. The stock was acquired at an average price of $26.21 per share, for a total transaction of $56,036.98.
• On Tuesday, January 27th, Voss Capital, Lp purchased 175,000 shares of PAR Technology stock. The stock was acquired 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 bought 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 bought 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 bought 41,034 shares of PAR Technology stock. The shares were bought at an average price of $39.10 per share, with a total value of $1,604,429.40.
• On Tuesday, January 6th, Voss Capital, Lp bought 25,000 shares of PAR Technology stock. The stock was purchased at an average price of $34.56 per share, for a total transaction of $864,000.00.
• On Monday, January 5th, Voss Capital, Lp purchased 8,898 shares of PAR Technology stock. The stock was purchased at an average cost of $35.82 per share, for a total transaction of $318,726.36.
• On Wednesday, December 31st, Voss Capital, Lp purchased 15,348 shares of PAR Technology stock. The shares were acquired at an average price of $36.60 per share, for a total transaction of $561,736.80.
• On Tuesday, December 30th, Voss Capital, Lp purchased 146,789 shares of PAR Technology stock. The shares were acquired at an average cost of $36.51 per share, with a total value of $5,359,266.39.

PAR Technology Trading Up 4.3%

NYSE PAR traded up $0.81 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. 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 52-week low of $15.44 and a 52-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. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, February 26th. The software maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.16. The company 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%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. Research analysts predict that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PAR. Needham & Company LLC reduced 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. Stephens reduced their target price on PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. The Goldman Sachs Group decreased their target price on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday. Benchmark dropped their price target on PAR Technology from $77.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Institutional Trading of PAR Technology

Several institutional investors have recently bought and sold shares of PAR. Stephens Investment Management Group LLC raised its holdings in PAR Technology by 54.4% in the third quarter. Stephens Investment Management Group LLC now owns 158,959 shares of the software maker’s stock worth $6,292,000 after buying an additional 56,036 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PAR Technology by 13.2% during the second quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock valued at $65,389,000 after buying an additional 110,160 shares during the last quarter. Invesco Ltd. increased 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 valued at $130,224,000 after acquiring an additional 364,892 shares in the last quarter. AXA S.A. raised its holdings in PAR Technology by 360.1% in the 2nd quarter. AXA S.A. now owns 298,985 shares of the software maker’s stock worth $20,741,000 after acquiring an additional 234,009 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in PAR Technology by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock valued at $121,494,000 after acquiring an additional 137,434 shares in the last quarter.

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

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.