PAR Technology (NYSE:PAR) CAO Michael Anthony Steenberge Sells 582 Shares of Stock

PAR Technology Corporation (NYSE:PAR) CAO Michael Anthony Steenberge sold 582 shares of PAR Technology stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total transaction of $10,633.14. Following the transaction, the chief accounting officer directly owned 25,587 shares of the company’s stock, valued at $467,474.49. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Anthony Steenberge also recently made the following trade(s):

• On Tuesday, March 3rd, Michael Anthony Steenberge sold 2,342 shares of PAR Technology stock. The stock was sold at an average price of $17.49, for a total transaction of $40,961.58.

PAR Technology Stock Down 3.2%

Shares of PAR stock traded down $0.63 during trading on Friday, reaching $18.89. The company’s stock had a trading volume of 586,688 shares, compared to its average volume of 1,379,808. The company has a market cap of $777.32 million, a price-to-earnings ratio of -9.08 and a beta of 1.36. PAR Technology Corporation has a one year low of $15.44 and a one year high of $72.15. The business has a fifty day moving average price of $28.13 and a 200-day moving average price of $35.65. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 0.45.

PAR Technology (NYSE:PAR) 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. The firm had revenue of $120.10 million during the quarter, compared to the consensus estimate of $116.39 million. PAR Technology had a negative return on equity of 2.32% and a negative net margin of 18.54%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the business. Greenstone Partners & Co. LLC bought a new position in shares of PAR Technology during the 4th quarter valued at approximately $36,981,000. Long Focus Capital Management LLC increased its stake in shares of PAR Technology by 4,210.9% in the third quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after purchasing an additional 857,218 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of PAR Technology during the 4th quarter valued at $27,274,000. Capital Research Global Investors increased its stake in PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after buying an additional 476,839 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of PAR Technology by 45.6% in the fourth quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock valued at $47,522,000 after acquiring an additional 410,183 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens dropped their target price on shares of PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. BTIG Research cut their target price on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. Needham & Company LLC reduced their price objective on PAR Technology from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Benchmark decreased their price target on PAR Technology from $77.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Trending Headlines about PAR Technology

Here are the key news stories impacting PAR Technology this week:

• Positive Sentiment: Major institutional buying — Voss Capital disclosed several purchases across Jan–Feb that together equal roughly $14.6M of stock and lifted its stake to ~4.14M shares, signaling strong institutional conviction that can support the share price. Voss Capital buys PAR Technology (PAR) shares worth $14.6 million
• Positive Sentiment: Elevated call‑option activity was reported (sharp spike in call volume), which often accompanies short‑term bullish positioning and dealer hedging flows that can prop up the stock in the near term.
• Neutral Sentiment: Recent fundamentals: PAR beat consensus in its Feb. 26 quarter (revenue +14.4% y/y; EPS beat), which supports medium‑term valuation but may already be reflected in the price.
• Neutral Sentiment: Context on Voss buys: those purchases occurred across multiple dates and prices (mid‑$30s down into low‑$20s), which shows accumulation at varied levels but does not guarantee further buying. Voss Capital SEC filing
• Negative Sentiment: Significant insider selling — CEO Savneet Singh (large blocks sold on Mar 3 and Mar 4), CFO Bryan Menar, CAO Michael Steenberge and director Cathy King sold multiple tranches around $17–$18. Executive sales at these levels are likely the primary driver of today’s downward pressure on sentiment. Relevant filings: Insider trades summary and SEC Form 4 disclosures CEO filings CFO filings CAO filings Director filings

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.