PAR Technology Corporation $PAR Stock Position Lifted by Voss Capital LP

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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,706,362 shares of the software maker's stock after acquiring an additional 246,362 shares during the quarter. PAR Technology comprises approximately 8.0% of Voss Capital LP's portfolio, making the stock its biggest position. Voss Capital LP owned approximately 4.21% of PAR Technology worth $104,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PAR. Envestnet Asset Management Inc. boosted its position in shares of PAR Technology by 164.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,177 shares of the software maker's stock valued at $2,193,000 after buying an additional 18,763 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of PAR Technology by 10,370.0% during the fourth quarter. Russell Investments Group Ltd. now owns 8,376 shares of the software maker's stock valued at $609,000 after buying an additional 8,296 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PAR Technology during the fourth quarter valued at $2,067,000. Mariner LLC boosted its position in shares of PAR Technology by 14.1% during the fourth quarter. Mariner LLC now owns 24,603 shares of the software maker's stock valued at $1,788,000 after buying an additional 3,039 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of PAR Technology by 900.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,000 shares of the software maker's stock valued at $218,000 after buying an additional 2,700 shares during the last quarter.

PAR Technology Stock Performance

NYSE:PAR traded up $3.3370 on Friday, hitting $54.5370. The stock had a trading volume of 650,152 shares, compared to its average volume of 1,115,220. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -24.24 and a beta of 1.70. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. The business's 50-day simple moving average is $62.83 and its two-hundred day simple moving average is $62.64. PAR Technology Corporation has a 52-week low of $46.24 and a 52-week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last announced its earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $112.40 million during the quarter, compared to analysts' expectations of $111.02 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The company's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. As a group, research analysts predict that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Analysts Set New Price Targets

PAR has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. BTIG Research raised PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price objective on the stock in a research report on Friday, August 15th. Benchmark dropped their price objective on PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and an average target price of $78.43.

About PAR Technology

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.