Voss Capital, Lp Purchases 193,751 Shares of PAR Technology (NYSE:PAR) Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp bought 193,751 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $14.15 per share, for a total transaction of $2,741,576.65. Following the completion of the transaction, the insider owned 4,968,751 shares of the company’s stock, valued at approximately $70,307,826.65. The trade was a 4.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Friday, June 12th, Voss Capital, Lp bought 156,249 shares of PAR Technology stock. The shares were acquired at an average cost of $14.85 per share, for a total transaction of $2,320,297.65.
• On Friday, May 15th, Voss Capital, Lp purchased 125,000 shares of PAR Technology stock. The stock was purchased at an average price of $14.62 per share, with a total value of $1,827,500.00.
• On Thursday, May 14th, Voss Capital, Lp purchased 594,900 shares of PAR Technology stock. The stock was purchased at an average price of $14.59 per share, with a total value of $8,679,591.00.

PAR Technology Stock Up 5.0%

NYSE:PAR opened at $15.42 on Wednesday. The company has a market capitalization of $636.16 million, a price-to-earnings ratio of -8.25 and a beta of 1.35. PAR Technology Corporation has a one year low of $11.59 and a one year high of $72.15. The stock has a 50-day simple moving average of $14.19 and a 200 day simple moving average of $22.35. 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 posted its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $116.88 million. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. Sell-side analysts predict that PAR Technology Corporation will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in PAR Technology by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker’s stock worth $266,000 after purchasing an additional 471 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in PAR Technology by 3.3% during the second quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock worth $1,153,000 after purchasing an additional 548 shares in the last quarter. &PARTNERS raised its holdings in PAR Technology by 10.6% during the fourth quarter. &PARTNERS now owns 6,444 shares of the software maker’s stock worth $234,000 after purchasing an additional 620 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in PAR Technology by 6.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,835 shares of the software maker’s stock worth $357,000 after purchasing an additional 622 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in PAR Technology during the third quarter worth approximately $26,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PAR shares. Needham & Company LLC decreased their target price on PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. BTIG Research decreased their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. upgraded PAR Technology from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $16.00 in a research note on Tuesday, June 9th. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a research note on Tuesday, June 9th. Finally, Benchmark decreased their target price on PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, March 16th. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.78.

PAR Technology News Roundup

Here are the key news stories impacting PAR Technology this week:

• Positive Sentiment: Pizza Factory chose PAR Technology’s unified platform, including POS and related tools, to revamp its restaurant technology and support growth across 110 locations, signaling continued product adoption and new recurring revenue potential. Business Wire article
• Positive Sentiment: Major shareholder Voss Capital increased its stake through multiple open-market purchases, including 156,249 shares at $14.85 and 193,751 shares at $14.15, which can be viewed as a strong vote of confidence from a large insider. Insider buying article
• Neutral Sentiment: Recent analyst commentary has been mixed, with JPMorgan upgrading PAR to neutral and raising its target, while other firms maintained buy ratings; overall sentiment remains moderate buy, but not strongly bullish. MarketBeat stock report
• Negative Sentiment: PAR still faces profitability pressure, with a negative net margin and an expected full-year loss, so investors may remain cautious despite improving sales momentum. MarketBeat stock page

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.