Voss Capital, Lp Purchases 594,900 Shares of PAR Technology (NYSE:PAR) Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp bought 594,900 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $14.59 per share, for a total transaction of $8,679,591.00. Following the completion of the purchase, the insider owned 4,675,000 shares of the company’s stock, valued at approximately $68,208,250. This trade represents a 14.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, May 15th, Voss Capital, Lp bought 125,000 shares of PAR Technology stock. The stock was purchased at an average price of $14.62 per share, for a total transaction of $1,827,500.00.

PAR Technology Stock Performance

Shares of PAR opened at $14.64 on Wednesday. The firm has a market cap of $604.02 million, a PE ratio of -7.83 and a beta of 1.32. The stock’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $25.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83. PAR Technology Corporation has a 1 year low of $11.59 and a 1 year high of $72.15.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $123.97 million for the quarter, compared to analyst estimates of $116.88 million. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, equities research analysts forecast that PAR Technology Corporation will post -0.05 EPS for the current year.

Institutional Trading of PAR Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new stake in shares of PAR Technology in the 3rd quarter worth approximately $26,000. Aster Capital Management DIFC Ltd bought a new position in shares of PAR Technology during the 3rd quarter valued at $28,000. State of Wyoming bought a new position in PAR Technology in the 4th quarter worth $34,000. Kestra Advisory Services LLC bought a new position in PAR Technology in the 4th quarter worth $35,000. Finally, Central Pacific Bank Trust Division raised its holdings in PAR Technology by 50.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAR shares. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Benchmark dropped their price target on PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Jefferies Financial Group set a $18.00 target price on PAR Technology in a research note on Saturday, May 9th. BTIG Research lowered their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, The Goldman Sachs Group lowered their price target on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

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.