PAR Technology Corporation $PAR Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of PAR Technology Corporation (NYSE:PAR) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 937,255 shares of the software maker’s stock after selling 35,169 shares during the quarter. Royce & Associates LP owned about 2.31% of PAR Technology worth $34,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in PAR Technology during the 3rd quarter worth $26,000. Aster Capital Management DIFC Ltd acquired a new stake in PAR Technology during the 3rd quarter worth $28,000. Central Pacific Bank Trust Division raised its stake in PAR Technology by 50.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after acquiring an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in PAR Technology by 278.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock valued at $216,000 after purchasing an additional 2,291 shares during the period. Finally, AQR Capital Management LLC acquired a new position in PAR Technology in the first quarter valued at $309,000.

Analysts Set New Price Targets

PAR has been the topic of a number of recent research reports. Stephens dropped their price objective on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Benchmark dropped their price objective on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. BTIG Research dropped their price objective on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, The Goldman Sachs Group dropped their price objective on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PAR Technology has an average rating of “Moderate Buy” and an average price target of $30.67.

PAR Technology Trading Up 0.0%

NYSE PAR opened at $14.84 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10. The firm has a market cap of $612.19 million, a PE ratio of -7.94 and a beta of 1.32. PAR Technology Corporation has a one year low of $11.59 and a one year high of $72.15. The firm’s fifty day moving average is $13.92 and its two-hundred day moving average is $24.75.

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

Insiders Place Their Bets

In other news, CAO Michael Anthony Steenberge sold 2,342 shares of PAR Technology 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 sale, the chief accounting officer owned 26,439 shares of the company’s stock, valued at $462,418.11. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan A. Menar sold 1,636 shares of PAR Technology stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total transaction of $29,889.72. Following the completion of the sale, the chief financial officer directly owned 63,257 shares in the company, valued at approximately $1,155,705.39. The trade was a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 90,689 shares of company stock valued at $1,600,226. Corporate insiders own 2.30% of the company’s stock.

PAR Technology 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.