Long Focus Capital Management LLC Boosts Stock Position in PAR Technology Corporation $PAR

Long Focus Capital Management LLC lifted its stake in shares of PAR Technology Corporation (NYSE:PAR) by 4,210.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 877,575 shares of the software maker’s stock after acquiring an additional 857,218 shares during the quarter. PAR Technology makes up approximately 1.1% of Long Focus Capital Management LLC’s holdings, making the stock its 20th biggest position. Long Focus Capital Management LLC’s holdings in PAR Technology were worth $34,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in PAR Technology during the 3rd quarter worth approximately $28,000. Manning & Napier Advisors LLC purchased a new position in PAR Technology during the third quarter valued at approximately $36,000. Advisors Asset Management Inc. boosted its position in shares of PAR Technology by 68.6% in the second quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after purchasing an additional 229 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of PAR Technology in the third quarter worth $204,000. Finally, Pring Turner Capital Group Inc. raised its position in shares of PAR Technology by 40.9% during the 3rd quarter. Pring Turner Capital Group Inc. now owns 5,436 shares of the software maker’s stock valued at $215,000 after purchasing an additional 1,577 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PAR shares. 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. The Goldman Sachs Group cut their price target on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. BTIG Research lowered their price objective on 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 reaffirmed an “outperform” rating on shares of PAR Technology in a research note on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Insider Activity

In other news, major shareholder Voss Capital, Lp acquired 182,862 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was purchased at an average price of $22.89 per share, for a total transaction of $4,185,711.18. Following the completion of the transaction, the insider directly owned 4,075,000 shares in the company, valued at approximately $93,276,750. This trade represents a 4.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Savneet Singh sold 57,605 shares of PAR Technology stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total value of $1,007,511.45. Following the completion of the sale, the chief executive officer directly owned 252,537 shares in the company, valued at $4,416,872.13. This trade represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have acquired 722,237 shares of company stock valued at $21,772,998 and have sold 90,689 shares valued at $1,600,226. 3.70% of the stock is owned by corporate insiders.

PAR Technology Price Performance

PAR stock opened at $14.64 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.66. The company’s fifty day moving average price is $25.33 and its 200-day moving average price is $33.67. PAR Technology Corporation has a one year low of $12.48 and a one year high of $72.15. The company has a market capitalization of $602.32 million, a PE ratio of -7.04 and a beta of 1.36.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.16. The company had revenue of $120.10 million during the quarter, compared to analysts’ expectations of $116.39 million. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

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.