PAR Technology (NYSE:PAR) Stock Price Up 5.7% – What’s Next?

PAR Technology Corporation (NYSE:PAR) shares were up 5.7% during mid-day trading on Tuesday . The company traded as high as $19.63 and last traded at $19.60. 333,653 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,474,988 shares. The stock had previously closed at $18.55.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAR. Jefferies Financial Group set a $18.00 price objective on PAR Technology in a research note on Saturday, May 9th. Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. The Goldman Sachs Group lifted their target price on shares of 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 reissued a “sell (e+)” rating on shares of PAR Technology in a research report on Friday, July 10th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PAR Technology currently has an average rating of “Moderate Buy” and a consensus target price of $24.61.

PAR Technology Trading Down 0.9%

The stock has a market capitalization of $796.01 million, a price-to-earnings ratio of -10.94 and a beta of 1.33. The company has a current ratio of 2.21, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $16.88 and a two-hundred day moving average of $16.40.

PAR Technology (NYSE:PAR) last announced its quarterly 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 return on equity of 1.62% and a negative net margin of 14.52%.The company had revenue of $133.41 million for the quarter, compared to the consensus estimate of $124.66 million. During the same quarter last year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, research analysts expect that PAR Technology Corporation will post -0.16 EPS for the current year.

Insider Activity at PAR Technology

In other news, major shareholder Voss Capital, Lp bought 193,751 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $14.15 per share, for a total transaction of $2,741,576.65. Following the acquisition, the insider directly owned 4,968,751 shares of the company’s stock, valued at $70,307,826.65. The trade was a 4.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Narinder Singh bought 11,518 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $17.36 per share, with a total value of $199,952.48. Following the transaction, the director owned 38,527 shares in the company, valued at approximately $668,828.72. The trade was a 42.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 361,518 shares of company stock worth $5,261,827. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of PAR Technology in the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new position in PAR Technology during the fourth quarter worth $35,000. Bamco Inc. NY acquired a new position in PAR Technology during the 2nd quarter valued at $38,000. Tower Research Capital LLC TRC boosted its holdings in PAR Technology by 278.0% in the 2nd 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, MidFirst Bank acquired a new stake in PAR Technology in the 4th quarter worth $113,000.

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.