Insider Selling: PAR Technology (NYSE:PAR) CAO Sells 2,342 Shares of Stock

PAR Technology Corporation (NYSE:PAR) CAO Michael Anthony Steenberge sold 2,342 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $17.49, for a total value of $40,961.58. Following the transaction, the chief accounting officer directly owned 26,439 shares in the company, valued at approximately $462,418.11. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Anthony Steenberge also recently made the following trade(s):

• On Wednesday, March 4th, Michael Anthony Steenberge sold 582 shares of PAR Technology stock. The stock was sold at an average price of $18.27, for a total value of $10,633.14.

PAR Technology Price Performance

NYSE PAR traded up $0.81 on Thursday, reaching $19.48. 1,065,916 shares of the company’s stock traded hands, compared to its average volume of 1,523,789. The stock 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 12 month low of $15.44 and a 12 month high of $72.15. The stock has a 50-day simple moving average of $28.13 and a 200 day simple moving average of $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.

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

Hedge Funds Weigh In On PAR Technology

Several hedge funds have recently made changes to their positions in the business. Greenstone Partners & Co. LLC purchased a new stake in PAR Technology in the fourth quarter worth $36,981,000. Long Focus Capital Management LLC raised its holdings in PAR Technology by 4,210.9% in the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after purchasing an additional 857,218 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of PAR Technology in the 4th quarter worth about $27,274,000. Capital Research Global Investors boosted its stake in shares of PAR Technology by 17.3% during 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 purchasing an additional 476,839 shares in the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of PAR Technology by 45.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock valued at $47,522,000 after buying an additional 410,183 shares during the period.

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

Analysts Set New Price Targets

Several research firms have recently commented on PAR. Stephens decreased their price objective on PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Needham & Company LLC reduced their price target on PAR Technology from $55.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. The Goldman Sachs Group dropped their price objective on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Benchmark decreased their target price on shares of PAR Technology from $77.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.