PAR Technology Corporation (NYSE:PAR) Short Interest Update

PAR Technology Corporation (NYSE:PAR - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 12,232,224 shares, an increase of 29.3% from the March 15th total of 9,458,450 shares. Approximately 30.8% of the shares of the company are short sold. Based on an average trading volume of 1,909,470 shares, the days-to-cover ratio is presently 6.4 days.

Insider Transactions at PAR Technology

In other PAR Technology news, CFO Bryan A. Menar sold 1,636 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total value of $29,889.72. Following the completion of the sale, the chief financial officer owned 63,257 shares in the company, valued at $1,155,705.39. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Voss Capital, Lp purchased 65,100 shares of the business's stock in a transaction on Wednesday, February 4th. The stock was purchased at an average price of $22.44 per share, with a total value of $1,460,844.00. Following the purchase, the insider owned 4,140,100 shares of the company's stock, valued at approximately $92,903,844. The trade was a 1.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 435,100 shares of company stock valued at $11,115,692 and have sold 90,689 shares valued at $1,600,226. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in PAR Technology by 8.0% during the 1st quarter. Royal Bank of Canada now owns 20,446 shares of the software maker's stock worth $1,255,000 after purchasing an additional 1,515 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of PAR Technology in the 1st quarter valued at $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of PAR Technology by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker's stock valued at $1,228,000 after acquiring an additional 874 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of PAR Technology by 186,466.7% in the 1st quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker's stock valued at $343,000 after acquiring an additional 5,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of PAR Technology by 28.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker's stock valued at $14,200,000 after acquiring an additional 51,316 shares in the last quarter.

PAR Technology Trading Up 0.4%

PAR opened at $13.39 on Thursday. The company's 50 day moving average is $16.84 and its 200-day moving average is $28.88. PAR Technology has a 1-year low of $11.59 and a 1-year high of $72.15. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The company has a market cap of $552.23 million, a P/E ratio of -6.44 and a beta of 1.48.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.16. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $116.39 million. PAR Technology's revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PAR shares. Benchmark dropped their price objective on shares of PAR Technology from $42.00 to $33.00 and set a "buy" rating on the stock in a research report on Monday, March 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of PAR Technology in a research report on Friday, March 27th. BTIG Research dropped their price objective on shares of PAR Technology from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. William Blair reissued an "outperform" rating on shares of PAR Technology in a research report on Friday, March 13th. Finally, Needham & Company LLC lowered their price target on shares of PAR Technology from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.20.

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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