Narinder Singh Acquires 11,518 Shares of PAR Technology (NYSE:PAR) Stock

PAR Technology Corporation (NYSE:PAR) Director Narinder Singh purchased 11,518 shares of PAR Technology stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, with a total value of $199,952.48. Following the acquisition, the director directly owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This trade represents a 42.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PAR Technology Trading Up 2.6%

Shares of NYSE:PAR opened at $19.09 on Friday. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $54.62. The company has a quick ratio of 1.83, a current ratio of 2.21 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $16.55 and its 200 day simple moving average is $16.69. The firm has a market cap of $789.60 million, a price-to-earnings ratio of -10.85 and a beta of 1.33.

Analysts Set New Price Targets

PAR has been the topic of a number of research reports. The Goldman Sachs Group boosted their price target on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. BTIG Research dropped their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a research note on Tuesday, June 9th. Finally, UBS Group set a $16.00 price target on PAR Technology in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.61.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming acquired a new position in PAR Technology during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new position in shares of PAR Technology during the 4th quarter worth approximately $35,000. Versant Capital Management Inc increased its position in shares of PAR Technology by 325.5% during the 2nd quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock worth $89,000 after purchasing an additional 3,909 shares during the last quarter. MidFirst Bank bought a new stake in shares of PAR Technology during the 4th quarter worth approximately $113,000. Finally, Corsair Capital Management L.P. bought a new stake in shares of PAR Technology during the 1st quarter worth approximately $133,000.

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.