Squarepoint Ops LLC Sells 27,685 Shares of PAR Technology Corporation $PAR

Squarepoint Ops LLC trimmed its position in PAR Technology Corporation (NYSE:PAR) by 74.8% in the 2nd quarter, Holdings Channel reports. The firm owned 9,323 shares of the software maker’s stock after selling 27,685 shares during the quarter. Squarepoint Ops LLC’s holdings in PAR Technology were worth $647,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PAR Technology in the first quarter worth $53,000. Jump Financial LLC increased its stake in PAR Technology by 6.1% in the 1st quarter. Jump Financial LLC now owns 48,000 shares of the software maker’s stock worth $2,944,000 after acquiring an additional 2,754 shares during the last quarter. State of Wyoming bought a new position in PAR Technology in the 1st quarter worth about $147,000. Magnetar Financial LLC purchased a new stake in shares of PAR Technology in the 1st quarter valued at about $407,000. Finally, Vident Advisory LLC bought a new stake in shares of PAR Technology during the 1st quarter valued at about $222,000.

Analyst Ratings Changes

Several research analysts recently weighed in on PAR shares. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday. The Goldman Sachs Group cut their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of PAR Technology in a research report on Thursday, November 13th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Finally, BTIG Research reduced their target price on PAR Technology from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Insider Buying and Selling at PAR Technology

In related news, CFO Bryan A. Menar sold 6,500 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the sale, the chief financial officer directly owned 71,481 shares in the company, valued at $2,539,719.93. This represents a 8.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.70% of the company’s stock.

PAR Technology Price Performance

Shares of PAR Technology stock opened at $37.12 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70. PAR Technology Corporation has a 52-week low of $31.65 and a 52-week high of $77.55. The company has a fifty day moving average of $35.68 and a 200-day moving average of $48.30. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -17.35 and a beta of 1.38.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The business had revenue of $119.18 million during the quarter, compared to the consensus estimate of $112.23 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts expect that PAR Technology Corporation will post -1.47 EPS for the current year.

PAR Technology 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.