77,400 Shares in PAR Technology Corporation $PAR Bought by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC bought a new position in shares of PAR Technology Corporation (NYSE:PAR) during the second quarter, HoldingsChannel.com reports. The firm bought 77,400 shares of the software maker’s stock, valued at approximately $1,348,000.

Several other large investors also recently bought and sold shares of PAR. ProShare Advisors LLC increased its position in shares of PAR Technology by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker’s stock valued at $266,000 after buying an additional 471 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of PAR Technology by 3.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock worth $1,153,000 after buying an additional 548 shares in the last quarter. &PARTNERS grew its stake in PAR Technology by 10.6% in the 4th quarter. &PARTNERS now owns 6,444 shares of the software maker’s stock valued at $234,000 after acquiring an additional 620 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in PAR Technology by 6.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker’s stock valued at $357,000 after acquiring an additional 622 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in PAR Technology by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock valued at $1,228,000 after acquiring an additional 874 shares in the last quarter.

PAR Technology Price Performance

NYSE:PAR opened at $19.40 on Wednesday. The firm has a market cap of $802.22 million, a price-to-earnings ratio of -11.02 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’s 50-day moving average is $17.23 and its two-hundred day moving average is $16.26. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $53.24.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $133.41 million during the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. Research analysts expect that PAR Technology Corporation will post -0.13 EPS for the current year.

Insider Buying and Selling

In other PAR Technology news, 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 completion of the transaction, the insider directly owned 122,919 shares in the company, valued at approximately $1,890,494.22. The trade was a 13.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Narinder Singh bought 11,518 shares of PAR Technology stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the transaction, the director directly owned 38,527 shares of the company’s stock, valued at $668,828.72. This trade represents a 42.65% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 361,518 shares of company stock worth $5,261,827. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

PAR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. UBS Group set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. Jefferies Financial Group set a $18.00 price objective on PAR Technology in a research report on Saturday, May 9th. BTIG Research reduced their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, The Goldman Sachs Group increased their target price on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.61.

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.