Long Focus Capital Management LLC Acquires 857,218 Shares of PAR Technology Corporation $PAR

Long Focus Capital Management LLC raised its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 4,210.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 877,575 shares of the software maker’s stock after purchasing an additional 857,218 shares during the period. PAR Technology makes up about 1.1% of Long Focus Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Long Focus Capital Management LLC owned 2.16% of PAR Technology worth $34,734,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PAR. Vanguard Group Inc. lifted its holdings in shares of PAR Technology by 0.5% during the third quarter. Vanguard Group Inc. now owns 3,291,802 shares of the software maker’s stock valued at $130,290,000 after purchasing an additional 15,131 shares in the last quarter. Capital Research Global Investors increased its holdings in PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after buying an additional 476,839 shares in the last quarter. Invesco Ltd. raised its position in PAR Technology by 24.1% in the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after buying an additional 364,892 shares during the last quarter. Bamco Inc. NY lifted its stake in PAR Technology by 8.5% during 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 period. Finally, Progeny 3 Inc. lifted its stake in PAR Technology by 12.0% during the 2nd quarter. Progeny 3 Inc. now owns 1,482,395 shares of the software maker’s stock valued at $102,834,000 after acquiring an additional 158,887 shares during the period.

PAR Technology Trading Down 0.9%

PAR Technology stock opened at $14.64 on Tuesday. PAR Technology Corporation has a 52-week low of $12.48 and a 52-week high of $72.15. The company has a market cap of $602.32 million, a P/E ratio of -7.04 and a beta of 1.36. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $25.33 and a two-hundred day simple moving average of $33.67.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.16. The firm had revenue of $120.10 million for the quarter, compared to analysts’ expectations of $116.39 million. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts predict that PAR Technology Corporation will post -1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Stephens lowered their price objective on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Benchmark cut their target price on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Monday. Finally, William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Activity at PAR Technology

In related news, major shareholder Voss Capital, Lp acquired 182,862 shares of PAR Technology stock in a transaction dated Tuesday, February 3rd. The stock was purchased at an average cost of $22.89 per share, for a total transaction of $4,185,711.18. Following the purchase, the insider directly owned 4,075,000 shares of the company’s stock, valued at approximately $93,276,750. This trade represents a 4.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Savneet Singh sold 57,605 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total value of $1,007,511.45. Following the completion of the transaction, the chief executive officer directly owned 252,537 shares in the company, valued at approximately $4,416,872.13. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 722,237 shares of company stock worth $21,772,998 and sold 90,689 shares worth $1,600,226. 3.70% of the stock is currently owned by company insiders.

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.