Voss Capital LP Purchases 246,362 Shares of PAR Technology Corporation $PAR

Key Points

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Voss Capital LP grew its stake in shares of PAR Technology Corporation (NYSE:PAR - Free Report) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,706,362 shares of the software maker's stock after acquiring an additional 246,362 shares during the period. PAR Technology accounts for 8.0% of Voss Capital LP's holdings, making the stock its largest position. Voss Capital LP owned about 4.21% of PAR Technology worth $104,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PAR. Hood River Capital Management LLC acquired a new stake in shares of PAR Technology in the fourth quarter valued at approximately $30,392,000. Nuveen LLC acquired a new stake in shares of PAR Technology in the first quarter valued at approximately $24,500,000. GW&K Investment Management LLC acquired a new stake in shares of PAR Technology in the first quarter valued at approximately $24,018,000. Nuveen Asset Management LLC raised its position in shares of PAR Technology by 194.2% in the fourth quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock valued at $29,086,000 after buying an additional 264,188 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of PAR Technology by 17.8% in the first quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock valued at $92,767,000 after buying an additional 228,369 shares in the last quarter.

PAR Technology Price Performance

NYSE:PAR traded up $3.3370 during mid-day trading on Friday, reaching $54.5370. The stock had a trading volume of 650,152 shares, compared to its average volume of 1,094,834. The stock has a 50-day simple moving average of $62.83 and a two-hundred day simple moving average of $62.77. The stock has a market capitalization of $2.21 billion, a PE ratio of -24.24 and a beta of 1.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. PAR Technology Corporation has a 12 month low of $46.24 and a 12 month high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm had revenue of $112.40 million during the quarter, compared to the consensus estimate of $111.02 million. During the same period last year, the business earned ($0.23) earnings per share. The business's revenue was up 43.8% compared to the same quarter last year. On average, equities analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

PAR has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Benchmark dropped their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a research report on Friday, August 15th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.43.

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.