PAR Technology (NYSE:PAR) Trading Down 6% – Time to Sell?

Shares of PAR Technology Corporation (NYSE:PAR) were down 6% on Tuesday . The stock traded as low as $18.77 and last traded at $18.5860. 59,188 shares traded hands during trading, a decline of 96% from the average daily volume of 1,418,160 shares. The stock had previously closed at $19.77.

Analysts Set New Price Targets

PAR has been the subject of several research analyst reports. Royal Bank Of Canada set a $16.00 price target on PAR Technology in a research report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. UBS Group set a $16.00 price target on shares of PAR Technology in a research report on Tuesday, June 9th. The Goldman Sachs Group boosted their price objective on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.61.

PAR Technology Stock Down 4.1%

The business’s fifty day moving average price is $17.86 and its 200 day moving average price is $16.06. The firm has a market capitalization of $729.59 million, a price-to-earnings ratio of -10.02 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.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The company had revenue of $133.41 million for 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%. PAR Technology’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS. On average, equities analysts expect that PAR Technology Corporation will post -0.13 EPS for the current year.

Insider Activity at PAR Technology

In other news, Director Narinder Singh bought 11,518 shares of PAR Technology stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the purchase, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. The trade was a 42.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Voss Capital, Lp acquired 156,249 shares of PAR Technology stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the transaction, the insider owned 5,125,000 shares of the company’s stock, valued at $76,106,250. This trade represents a 3.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. WINTON GROUP Ltd purchased a new stake in shares of PAR Technology during the 2nd quarter worth $526,000. Integrated Wealth Concepts LLC acquired a new stake in shares of PAR Technology in the second quarter valued at about $116,000. Squarepoint Ops LLC acquired a new stake in shares of PAR Technology in the second quarter valued at about $183,000. California State Teachers Retirement System boosted its holdings in PAR Technology by 2,290.0% during the second quarter. California State Teachers Retirement System now owns 893,472 shares of the software maker’s stock worth $15,564,000 after buying an additional 856,089 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in PAR Technology during the second quarter worth about $189,000.

About PAR Technology

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.