PAR Technology Corporation (NYSE:PAR) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of PAR Technology Corporation (NYSE:PAR) by 94.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,398 shares of the software maker’s stock after acquiring an additional 8,436 shares during the quarter. SG Americas Securities LLC’s holdings in PAR Technology were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in PAR Technology during the fourth quarter worth $28,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of PAR Technology in the fourth quarter valued at $29,000. Versant Capital Management Inc raised its stake in shares of PAR Technology by 996.6% during the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker’s stock worth $40,000 after buying an additional 588 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of PAR Technology in the 1st quarter worth about $40,000. Finally, GAMMA Investing LLC boosted its position in shares of PAR Technology by 232.4% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the software maker’s stock worth $43,000 after buying an additional 488 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of PAR Technology to a “sell” rating in a report on Monday, March 3rd. Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. The Goldman Sachs Group upped their target price on PAR Technology from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, May 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and an average target price of $79.86.

Insider Activity

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the sale, the director now directly owns 11,760 shares in the company, valued at approximately $822,964.80. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

PAR Technology Trading Down 0.9%

Shares of PAR Technology stock opened at $62.14 on Wednesday. PAR Technology Corporation has a fifty-two week low of $41.86 and a fifty-two week high of $82.24. The business’s fifty day moving average is $62.60 and its two-hundred day moving average is $66.39. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.52 billion, a PE ratio of -478.00 and a beta of 1.70.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The firm had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the firm posted ($0.36) earnings per share. The business’s quarterly revenue was up 48.2% compared to the same quarter last year. Analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current year.

PAR Technology Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.