Quantinno Capital Management LP Has $986,000 Stock Holdings in PAR Technology Corporation $PAR

by · The Markets Daily

Quantinno Capital Management LP lifted its position in shares of PAR Technology Corporation (NYSE:PAR – Free Report) by 199.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,935 shares of the software maker’s stock after purchasing an additional 49,276 shares during the quarter. Quantinno Capital Management LP owned 0.18% of PAR Technology worth $986,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in PAR Technology by 8.0% during the first quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock worth $1,255,000 after acquiring an additional 1,515 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of PAR Technology in the first quarter worth about $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of PAR Technology by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock worth $1,228,000 after purchasing an additional 874 shares during the period. Jones Financial Companies Lllp raised its position in shares of PAR Technology by 186,466.7% during the first quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock worth $343,000 after purchasing an additional 5,594 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of PAR Technology by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock valued at $14,200,000 after purchasing an additional 51,316 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAR. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a research note on Saturday, May 9th. UBS Group set a $16.00 price objective on shares of PAR Technology in a research report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAR Technology in a research report on Friday, July 10th. Finally, The Goldman Sachs Group upped their target price on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Five research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.61.

Check Out Our Latest Analysis on PAR Technology

PAR Technology Trading Up 0.2%

NYSE:PAR opened at $19.09 on Monday. PAR Technology Corporation has a twelve month low of $11.59 and a twelve month high of $54.62. The company has a quick ratio of 1.89, a current ratio of 2.21 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $16.55 and a two-hundred day moving average price of $16.59. The company has a market cap of $789.60 million, a P/E ratio of -10.85 and a beta of 1.33.

Insider Buying and Selling

In other PAR Technology news, Director Narinder Singh purchased 11,518 shares of the stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the purchase, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This represents a 42.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Voss Capital, Lp purchased 193,751 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $14.15 per share, for a total transaction of $2,741,576.65. Following the completion of the transaction, the insider directly owned 4,968,751 shares in the company, valued at approximately $70,307,826.65. This represents a 4.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 361,518 shares of company stock worth $5,261,827. 2.30% of the stock is owned by insiders.

About PAR Technology

(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.

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