PAR Technology Corporation $PAR Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in PAR Technology Corporation (NYSE:PAR) by 77.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 282,790 shares of the software maker’s stock after purchasing an additional 123,831 shares during the period. Stephens Investment Management Group LLC’s holdings in PAR Technology were worth $10,260,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in PAR Technology during the third quarter worth $26,000. Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology in the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division increased its position in PAR Technology by 50.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,000 shares during the last quarter. Pring Turner Capital Group Inc. increased its holdings in shares of PAR Technology by 40.9% during the 3rd quarter. Pring Turner Capital Group Inc. now owns 5,436 shares of the software maker’s stock worth $215,000 after buying an additional 1,577 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in PAR Technology by 278.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock worth $216,000 after acquiring an additional 2,291 shares during the last quarter.

Analyst Upgrades and Downgrades

PAR has been the subject of several recent research reports. Needham & Company LLC dropped their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a report on Friday, March 27th. Stephens cut their target price on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. BTIG Research reduced their price objective on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Friday, March 13th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

PAR Technology Price Performance

Shares of PAR opened at $14.68 on Monday. PAR Technology Corporation has a one year low of $11.59 and a one year high of $72.15. The firm has a market capitalization of $605.51 million, a price-to-earnings ratio of -7.85 and a beta of 1.32. The stock’s fifty day moving average is $14.30 and its 200-day moving average is $25.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $123.97 million during the quarter, compared to analyst estimates of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. Equities analysts anticipate that PAR Technology Corporation will post -0.05 EPS for the current year.

Insider Buying and Selling at PAR Technology

In other news, CEO Savneet Singh sold 14,310 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total transaction of $261,443.70. Following the completion of the transaction, the chief executive officer owned 238,227 shares in the company, valued at approximately $4,352,407.29. This trade represents a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bryan A. Menar sold 1,636 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total transaction of $29,889.72. Following the sale, the chief financial officer directly owned 63,257 shares of the company’s stock, valued at approximately $1,155,705.39. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,689 shares of company stock valued at $1,600,226 over the last 90 days. Insiders own 2.30% of the company’s stock.

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.