Stephens Investment Management Group LLC Purchases 175,831 Shares of PAR Technology Corporation $PAR

Stephens Investment Management Group LLC lifted its position in shares of PAR Technology Corporation (NYSE:PAR) by 62.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 458,621 shares of the software maker’s stock after buying an additional 175,831 shares during the quarter. Stephens Investment Management Group LLC’s holdings in PAR Technology were worth $6,113,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PAR. FNY Investment Advisers LLC bought a new stake in PAR Technology during the third quarter valued at about $26,000. State of Wyoming purchased a new position in shares of PAR Technology in the fourth quarter valued at about $34,000. Kestra Advisory Services LLC bought a new position in shares of PAR Technology in the fourth quarter worth about $35,000. Central Pacific Bank Trust Division boosted its stake in shares of PAR Technology by 50.0% in the fourth 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 during the period. Finally, MidFirst Bank purchased a new stake in shares of PAR Technology during the fourth quarter worth about $113,000.

PAR Technology Price Performance

NYSE:PAR opened at $19.01 on Monday. The business’s 50-day moving average is $14.99 and its 200 day moving average is $20.65. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $72.15. The company has a market capitalization of $784.20 million, a P/E ratio of -10.17 and a beta of 1.32. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51.

PAR Technology (NYSE:PAR) last released its quarterly 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. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The business had revenue of $123.97 million during the quarter, compared to analysts’ expectations of $116.88 million. During the same quarter last year, the business posted ($0.01) EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts forecast that PAR Technology Corporation will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a research note on Tuesday, June 9th. UBS Group set a $16.00 price objective on shares of PAR Technology in a report on Tuesday, June 9th. Needham & Company LLC reduced their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. JPMorgan Chase & Co. boosted their target price on shares of PAR Technology from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Finally, Benchmark dropped their target price on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.89.

Insider Buying and Selling

In related news, insider Cathy A. King sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total value of $307,600.00. Following the completion of the transaction, the insider directly owned 122,919 shares of the company’s stock, valued at approximately $1,890,494.22. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 594,900 shares of PAR Technology stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $14.59 per share, for a total transaction of $8,679,591.00. Following the transaction, the insider directly owned 4,675,000 shares of the company’s stock, valued at $68,208,250. The trade was a 14.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 1,069,900 shares of company stock valued at $15,568,965 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

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.