Rice Hall James & Associates LLC Purchases New Stake in PAR Technology Corporation $PAR

Rice Hall James & Associates LLC bought a new stake in shares of PAR Technology Corporation (NYSE:PAR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 378,930 shares of the software maker’s stock, valued at approximately $6,601,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC boosted its stake in shares of PAR Technology by 77.9% during the 4th quarter. Stephens Investment Management Group LLC now owns 282,790 shares of the software maker’s stock valued at $10,260,000 after buying an additional 123,831 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of PAR Technology by 45.6% in the fourth quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock worth $47,522,000 after buying an additional 410,183 shares during the last quarter. Rock Creek Group LP increased its stake in shares of PAR Technology by 316.7% in the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the software maker’s stock worth $9,070,000 after buying an additional 190,000 shares during the last quarter. Progeny 3 Inc. raised its holdings in PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after acquiring an additional 114,500 shares in the last quarter. Finally, Walleye Partners LLC acquired a new stake in PAR Technology in the fourth quarter valued at $2,689,000.

Insider Buying and Selling

In related news, major shareholder Voss Capital, Lp purchased 156,249 shares of the company’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the completion of the acquisition, the insider owned 5,125,000 shares of the company’s stock, valued at approximately $76,106,250. This represents a 3.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total value of $307,600.00. Following the sale, the insider directly owned 122,919 shares in the company, valued at $1,890,494.22. This trade represents a 13.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have acquired 361,518 shares of company stock worth $5,261,827 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

PAR Technology Stock Down 3.0%

PAR opened at $18.48 on Tuesday. The stock’s 50 day moving average price is $16.65 and its 200 day moving average price is $16.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. The stock has a market cap of $764.33 million, a P/E ratio of -10.50 and a beta of 1.33. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $54.62.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The firm had revenue of $133.41 million for the quarter, compared to analysts’ expectations of $124.66 million. During the same quarter last year, the company earned $0.03 EPS. PAR Technology’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, research analysts predict that PAR Technology Corporation will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PAR shares. UBS Group set a $16.00 price target on shares of PAR Technology in a research report on Tuesday, June 9th. Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a report on Tuesday, June 9th. The Goldman Sachs Group upped their price objective on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. lifted their target price on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and an average price target of $24.61.

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.