PAR Technology Corporation $PAR is AYAL Capital Advisors Ltd’s 5th Largest Position

AYAL Capital Advisors Ltd boosted its holdings in shares of PAR Technology Corporation (NYSE:PAR) by 70.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,000 shares of the software maker’s stock after acquiring an additional 85,000 shares during the quarter. PAR Technology accounts for 2.6% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 5th biggest holding. AYAL Capital Advisors Ltd’s holdings in PAR Technology were worth $7,437,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of 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 during the period. Long Focus Capital Management LLC lifted its holdings in shares of PAR Technology by 4,210.9% in the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after buying an additional 857,218 shares during the period. Rovida Advisors Inc. lifted its holdings in shares of PAR Technology by 50.6% in the 3rd quarter. Rovida Advisors Inc. now owns 750,000 shares of the software maker’s stock worth $29,678,000 after buying an additional 252,156 shares during the period. SG Americas Securities LLC purchased a new stake in shares of PAR Technology in the 4th quarter worth $27,274,000. Finally, CenterBook Partners LP lifted its holdings in shares of PAR Technology by 407.6% in the 3rd quarter. CenterBook Partners LP now owns 114,481 shares of the software maker’s stock worth $4,531,000 after buying an additional 91,929 shares during the period.

Insider Activity at PAR Technology

In other PAR Technology news, major shareholder Voss Capital, Lp acquired 156,249 shares of the company’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $14.85 per share, with a total value of $2,320,297.65. Following the completion of the acquisition, the insider owned 5,125,000 shares in the company, valued at approximately $76,106,250. This trade represents a 3.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cathy A. King sold 20,000 shares of PAR Technology stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total value of $307,600.00. Following the completion of the sale, the insider directly owned 122,919 shares in the company, valued at $1,890,494.22. This represents a 13.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders acquired 1,069,900 shares of company stock worth $15,568,965. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on PAR. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Stephens decreased their price objective on PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. William Blair restated an “outperform” rating on shares of PAR Technology in a research note on Friday, March 13th. Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a research note on Tuesday, June 9th. Finally, Needham & Company LLC decreased their price objective 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. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.78.

PAR Technology Stock Down 4.5%

Shares of PAR stock opened at $14.80 on Thursday. The stock’s 50-day simple moving average is $14.20 and its 200-day simple moving average is $22.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10. The firm has a market capitalization of $610.50 million, a PE ratio of -7.91 and a beta of 1.35. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $72.15.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $123.97 million for the quarter, compared to analyst estimates of $116.88 million. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.PAR Technology’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. Equities analysts expect that PAR Technology Corporation will post -0.28 earnings per share for the current year.

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.