Palogic Value Management L.P. Purchases Shares of 69,109 PAR Technology Corporation $PAR

Key Points

• Palogic Value Management purchased 69,109 shares of PAR Technology, worth approximately $1.2 million, giving it a 0.17% stake in the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $24.61, although BTIG lowered its target to $30 from $45.
• PAR Technology reported quarterly EPS of $0.18, beating estimates by $0.06, while revenue rose 18.7% year over year to $133.41 million; however, the company continued to post a negative net margin.

Palogic Value Management L.P. purchased a new stake in shares of PAR Technology Corporation (NYSE:PAR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 69,109 shares of the software maker's stock, valued at approximately $1,204,000. Palogic Value Management L.P. owned about 0.17% of PAR Technology as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of PAR. State of Wyoming acquired a new position in PAR Technology during the 4th quarter worth about $34,000. Kestra Advisory Services LLC acquired a new stake in shares of PAR Technology in the fourth quarter valued at about $35,000. Bamco Inc. NY acquired a new stake in shares of PAR Technology in the second quarter valued at about $38,000. Tower Research Capital LLC TRC raised its position in shares of PAR Technology by 278.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker's stock worth $216,000 after acquiring an additional 2,291 shares during the last quarter. Finally, MidFirst Bank acquired a new position in shares of PAR Technology in the fourth quarter worth approximately $113,000.

Analysts Set New Price Targets

A number of analysts have weighed in on PAR shares. BTIG Research decreased their target price on shares of PAR Technology from $45.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price objective on shares of PAR Technology from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Weiss Ratings reissued a "sell (e+)" rating on shares of PAR Technology in a research note on Friday, July 10th. Finally, Jefferies Financial Group set a $18.00 target price on shares of PAR Technology in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.61.

PAR Technology Price Performance

PAR Technology stock opened at $19.63 on Thursday. The stock has a market capitalization of $811.90 million, a price-to-earnings ratio of -11.15 and a beta of 1.33. PAR Technology Corporation has a 52-week low of $11.59 and a 52-week high of $53.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The stock's 50 day moving average price is $17.33 and its two-hundred day moving average price is $16.25.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $133.41 million for the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. PAR Technology's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. On average, equities analysts predict that PAR Technology Corporation will post -0.13 earnings per share for the current year.

Insider Transactions at PAR Technology

In other news, Director Narinder Singh bought 11,518 shares of PAR Technology stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the purchase, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. This represents a 42.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were 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 of the company's stock, valued at $1,890,494.22. The trade was 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. Insiders have purchased 361,518 shares of company stock valued at $5,261,827 in the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

PAR Technology 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.

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