Voss Capital, Lp Purchases 125,000 Shares of PAR Technology (NYSE:PAR) Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp bought 125,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $14.62 per share, for a total transaction of $1,827,500.00. Following the completion of the purchase, the insider owned 4,775,000 shares in the company, valued at approximately $69,810,500. This trade represents a 2.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 Thursday, May 14th, Voss Capital, Lp bought 594,900 shares of PAR Technology stock. The shares were purchased at an average cost of $14.59 per share, for a total transaction of $8,679,591.00.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $14.64 on Wednesday. The company’s fifty day moving average is $14.10 and its two-hundred day moving average is $25.32. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $72.15. The company has a market cap of $604.02 million, a P/E ratio of -7.83 and a beta of 1.32.

PAR Technology (NYSE:PAR) last announced 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. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company had revenue of $123.97 million for the quarter, compared to the consensus estimate of $116.88 million. During the same period in the previous year, the business earned ($0.01) EPS. The company’s revenue was up 19.4% on a year-over-year basis. Equities analysts expect that PAR Technology Corporation will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Benchmark lowered their price target on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a report on Saturday, May 9th. The Goldman Sachs Group lowered their price target on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, BTIG Research lowered their price target on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Five analysts have rated the stock with a Buy rating, one has issued 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 $30.67.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its holdings in PAR Technology by 3.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker’s stock worth $214,650,000 after purchasing an additional 201,782 shares in the last quarter. Vanguard Group Inc. boosted its holdings in PAR Technology by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker’s stock worth $119,871,000 after purchasing an additional 12,250 shares in the last quarter. Capital Research Global Investors boosted its holdings in PAR Technology by 17.3% in the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after purchasing an additional 476,839 shares in the last quarter. Progeny 3 Inc. boosted 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 worth $28,937,000 after purchasing an additional 114,500 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in 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 purchasing an additional 410,183 shares in the last quarter.

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.