SG Americas Securities LLC Sells 713,312 Shares of PAR Technology Corporation $PAR

by · The Cerbat Gem

SG Americas Securities LLC decreased its holdings in shares of PAR Technology Corporation (NYSE:PAR – Free Report) by 94.9% during the first quarter, HoldingsChannel reports. The fund owned 38,449 shares of the software maker’s stock after selling 713,312 shares during the quarter. SG Americas Securities LLC’s holdings in PAR Technology were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in shares of PAR Technology in the third quarter valued at $26,000. State of Wyoming purchased a new stake in PAR Technology during the 4th quarter worth about $34,000. Kestra Advisory Services LLC purchased a new stake in PAR Technology during the 4th quarter worth about $35,000. Central Pacific Bank Trust Division boosted its stake in PAR Technology by 50.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,000 shares during the period. Finally, MidFirst Bank bought a new position in PAR Technology in the 4th quarter worth about $113,000.

Insider Buying and Selling

In other news, insider Cathy A. King sold 20,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total value of $307,600.00. Following the transaction, the insider owned 122,919 shares of the company’s stock, valued at $1,890,494.22. This represents a 13.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 594,900 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $14.59 per share, for a total transaction of $8,679,591.00. Following the acquisition, the insider directly owned 4,675,000 shares in the company, valued at approximately $68,208,250. The trade was a 14.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 1,069,900 shares of company stock valued at $15,568,965. Corporate insiders own 2.30% of the company’s stock.

PAR Technology Stock Performance

Shares of PAR opened at $17.10 on Thursday. PAR Technology Corporation has a 12-month low of $11.59 and a 12-month high of $72.15. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The company has a market cap of $705.54 million, a PE ratio of -9.15 and a beta of 1.32. The stock has a 50-day moving average price of $15.25 and a 200-day moving average price of $20.27.

PAR Technology (NYSE:PAR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $123.97 million for the quarter, compared to analysts’ expectations of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. PAR Technology’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. As a group, equities analysts forecast that PAR Technology Corporation will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAR shares. Jefferies Financial Group set a $18.00 price target on PAR Technology in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on shares of PAR Technology from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Benchmark lowered their target price on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, UBS Group 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and a consensus price target of $25.89.

Read Our Latest Analysis on PAR

PAR Technology Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PAR Technology Corporation (NYSE:PAR – Free Report).