Manatuck Hill Partners LLC Makes New $1.35 Million Investment in PAR Technology Corporation $PAR

Manatuck Hill Partners LLC acquired a new stake in PAR Technology Corporation (NYSE:PAR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,400 shares of the software maker’s stock, valued at approximately $1,348,000. Manatuck Hill Partners LLC owned 0.19% of PAR Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Wyoming purchased a new position in shares of PAR Technology during the fourth quarter worth about $34,000. Kestra Advisory Services LLC purchased a new stake in PAR Technology during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in PAR Technology by 325.5% during the 2nd quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock worth $89,000 after acquiring an additional 3,909 shares during the period. MidFirst Bank acquired a new stake in PAR Technology during the 4th quarter worth approximately $113,000. Finally, Corsair Capital Management L.P. purchased a new position in shares of PAR Technology in the 1st quarter valued at approximately $133,000.

Insiders Place Their Bets

In other news, insider Cathy A. King sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total value of $307,600.00. Following the completion of the transaction, the insider owned 122,919 shares in the company, valued at $1,890,494.22. This trade represents a 13.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Narinder Singh acquired 11,518 shares of PAR Technology stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, with a total value of $199,952.48. Following the purchase, the director directly owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This trade represents a 42.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 361,518 shares of company stock worth $5,261,827. Corporate insiders own 2.30% of the company’s stock.

PAR Technology Stock Down 0.2%

PAR opened at $19.40 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. The business has a 50 day simple moving average of $17.23 and a 200-day simple moving average of $16.26. The stock has a market capitalization of $802.22 million, a P/E ratio of -11.02 and a beta of 1.33. PAR Technology Corporation has a 12 month low of $11.59 and a 12 month high of $53.24.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $133.41 million for the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. On average, equities analysts anticipate that PAR Technology Corporation will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada set a $16.00 price target on PAR Technology in a research note on Tuesday, June 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a research note on Friday, July 10th. UBS Group set a $16.00 price objective on shares of PAR Technology in a research report on Tuesday, June 9th. BTIG Research reduced their target price on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, The Goldman Sachs Group lifted their target price on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.61.

PAR Technology Company Profile

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.