PAR Technology Corporation $PAR Position Raised by Rock Creek Group LP

Rock Creek Group LP boosted its position in PAR Technology Corporation (NYSE:PAR) by 71.4% in the third quarter, HoldingsChannel.com reports. The firm owned 60,000 shares of the software maker’s stock after purchasing an additional 25,000 shares during the quarter. PAR Technology comprises approximately 0.2% of Rock Creek Group LP’s investment portfolio, making the stock its 29th biggest holding. Rock Creek Group LP’s holdings in PAR Technology were worth $2,375,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Stephens Investment Management Group LLC lifted its holdings in shares of PAR Technology by 54.4% in the third quarter. Stephens Investment Management Group LLC now owns 158,959 shares of the software maker’s stock valued at $6,292,000 after buying an additional 56,036 shares during the period. Geode Capital Management LLC grew its holdings in PAR Technology by 13.2% during the second quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock worth $65,389,000 after acquiring an additional 110,160 shares during the period. Invesco Ltd. raised its position in PAR Technology by 24.1% in the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after acquiring an additional 364,892 shares in the last quarter. Bamco Inc. NY lifted its holdings in PAR Technology by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock valued at $121,494,000 after acquiring an additional 137,434 shares during the last quarter. Finally, AXA S.A. lifted its holdings in PAR Technology by 360.1% in the 2nd quarter. AXA S.A. now owns 298,985 shares of the software maker’s stock valued at $20,741,000 after acquiring an additional 234,009 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of PAR Technology in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Finally, BTIG Research restated a “buy” rating and issued a $60.00 price target on shares of PAR Technology in a research report on Friday, January 30th. Six 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. According to MarketBeat, PAR Technology has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

PAR Technology Price Performance

PAR stock opened at $22.39 on Friday. PAR Technology Corporation has a one year low of $19.28 and a one year high of $72.15. The firm has a 50-day moving average of $30.07 and a two-hundred day moving average of $36.78. The firm has a market capitalization of $908.81 million, a PE ratio of -10.46 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45.

Insider Activity at PAR Technology

In other news, major shareholder Voss Capital, Lp bought 25,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were bought at an average cost of $34.56 per share, with a total value of $864,000.00. Following the purchase, the insider directly owned 3,613,898 shares in the company, valued at $124,896,314.88. This trade represents a 0.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bryan A. Menar sold 6,500 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total value of $230,945.00. Following the completion of the sale, the chief financial officer owned 71,481 shares of the company’s stock, valued at $2,539,719.93. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 196,035 shares of company stock valued at $7,103,730. 3.70% of the stock is owned by insiders.

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.