OneDigital Investment Advisors LLC Invests $977,000 in PAR Technology Corporation $PAR

Key Points

• OneDigital Investment Advisors acquired 56,104 PAR Technology shares worth approximately $977,000, representing about 0.14% of the company. Several other institutional investors also increased their positions.
• Insider activity was mixed: Voss Capital purchased 156,249 shares, while insider Cathy A. King sold 20,000 shares. Insiders collectively bought 361,518 shares worth about $5.26 million over the past 90 days.
• PAR Technology’s latest quarterly results exceeded expectations, with EPS of $0.18 versus $0.12 expected and revenue of $133.41 million, up 18.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $24.61.

OneDigital Investment Advisors LLC acquired a new position in PAR Technology Corporation (NYSE:PAR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 56,104 shares of the software maker's stock, valued at approximately $977,000. OneDigital Investment Advisors LLC owned approximately 0.14% of PAR Technology as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PAR Technology by 3.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker's stock valued at $214,650,000 after purchasing an additional 201,782 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PAR Technology by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker's stock worth $119,871,000 after purchasing an additional 12,250 shares in the last quarter. Progeny 3 Inc. increased its stake in shares of PAR Technology by 5.6% during the 1st quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker's stock worth $28,937,000 after purchasing an additional 114,500 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of PAR Technology by 45.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker's stock worth $47,522,000 after purchasing an additional 410,183 shares during the last quarter. Finally, Greenstone Partners & Co. LLC acquired a new position in shares of PAR Technology during the 4th quarter worth approximately $36,981,000.

Insiders Place Their Bets

In other PAR Technology news, insider Cathy A. King sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total value of $307,600.00. Following the sale, the insider directly owned 122,919 shares of the company's stock, valued at approximately $1,890,494.22. This trade represents a 13.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 156,249 shares of the stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $14.85 per share, with a total value of $2,320,297.65. Following the acquisition, the insider directly owned 5,125,000 shares in the company, valued at $76,106,250. This trade represents a 3.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 361,518 shares of company stock valued at $5,261,827. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on PAR Technology from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. UBS Group set a $16.00 price objective on PAR Technology in a research report on Tuesday, June 9th. BTIG Research decreased their price objective on PAR Technology from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group lifted their price objective on PAR Technology from $18.00 to $20.50 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada set a $16.00 target price on shares of PAR Technology in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.61.

PAR Technology Trading Down 3.0%

Shares of PAR opened at $18.48 on Tuesday. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $54.62. The company has a market capitalization of $764.33 million, a PE ratio of -10.50 and a beta of 1.33. The stock has a fifty day moving average of $16.65 and a two-hundred day moving average of $16.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $133.41 million for the quarter, compared to analysts' expectations of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The business's revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 earnings per share. As a group, analysts forecast that PAR Technology Corporation will post -0.16 EPS 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.

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