PAR Technology (NYSE:PAR) Reaches New 12-Month Low – Time to Sell?

PAR Technology Corporation (NYSE:PAR)’s share price hit a new 52-week low on Tuesday . The company traded as low as $19.30 and last traded at $19.57, with a volume of 1245386 shares traded. The stock had previously closed at $21.87.

Analyst Ratings Changes

Several equities analysts recently weighed in on PAR shares. BTIG Research restated a “buy” rating and issued a $60.00 price target on shares of PAR Technology in a research note on Friday, January 30th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of PAR Technology in a research note on Friday, January 9th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

PAR Technology Trading Down 10.5%

The company has a fifty day moving average of $30.97 and a 200-day moving average of $37.18. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $794.35 million, a price-to-earnings ratio of -9.14 and a beta of 1.35.

Insider Activity at PAR Technology

In other PAR Technology news, major shareholder Voss Capital, Lp bought 25,000 shares of the stock in a transaction on Tuesday, January 6th. The shares were bought at an average price 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bryan A. Menar sold 6,500 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the sale, the chief financial officer directly 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. Insiders have purchased 196,035 shares of company stock valued at $7,103,730 over the last quarter. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On PAR Technology

A number of institutional investors and hedge funds have recently bought and sold shares of PAR. FNY Investment Advisers LLC purchased a new stake in PAR Technology during the 3rd quarter valued at about $26,000. Aster Capital Management DIFC Ltd acquired a new position in shares of PAR Technology during the 3rd quarter worth approximately $28,000. Huntington National Bank grew its position in shares of PAR Technology by 66.2% in the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after purchasing an additional 174 shares in the last quarter. State of Wyoming purchased a new stake in shares of PAR Technology in the fourth quarter valued at approximately $34,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of PAR Technology in the fourth quarter valued at approximately $35,000.

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.