PAR Technology (NYSE:PAR) Stock Price Down 6% - Here's What Happened

PAR Technology Corporation (NYSE:PAR - Get Free Report)'s share price fell 6% during trading on Tuesday . The company traded as low as $18.77 and last traded at $18.5860. 59,188 shares changed hands during trading, a decline of 96% from the average daily volume of 1,418,160 shares. The stock had previously closed at $19.77. PAR has been the subject of a number of research reports. BTIG Research dropped their price objective on shares of PAR Technology from $45.00 to $30.00 and set a "buy" rating for the company in a report on Friday, August 7th. UBS Group set a $16.00 price objective on PAR Technology in a research report on Tuesday, June 9th. Royal Bank Of Canada set a $16.00 target price on PAR Technology in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price target on PAR Technology from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on PAR Technology from $18.00 to $20.50 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.61. Read Our Latest Research Report on PAR Technology 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 company has a market capitalization of $761.44 million, a price-to-earnings ratio of -10.46 and a beta of 1.33. The stock has a 50 day simple moving average of $17.85 and a two-hundred day simple moving average of $16.11. PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The business had revenue of $133.41 million during the quarter, compared to analysts' expectations of $124.66 million. During the same period in the prior year, the firm posted $0.03 EPS. The business's quarterly revenue was up 18.7% compared to the same quarter last year. As a group, analysts anticipate that PAR Technology Corporation will post -0.13 earnings per share for the current year. In related news, Director Narinder Singh bought 11,518 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the acquisition, the director owned 38,527 shares in the company, valued at approximately $668,828.72. This represents a 42.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Voss Capital, Lp bought 193,751 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $14.15 per share, with a total value of $2,741,576.65. Following the acquisition, the insider owned 4,968,751 shares in the company, valued at approximately $70,307,826.65. This represents a 4.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 361,518 shares of company stock worth $5,261,827 over the last quarter. 2.30% of the stock is currently owned by insiders. Several large investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of PAR Technology in the 4th quarter valued at about $34,000. Kestra Advisory Services LLC purchased a new position in PAR Technology during the 4th quarter worth approximately $35,000. Bamco Inc. NY acquired a new position in PAR Technology during the second quarter worth approximately $38,000. Versant Capital Management Inc increased its position in PAR Technology by 325.5% during the second quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker's stock worth $89,000 after buying an additional 3,909 shares during the period. Finally, MidFirst Bank purchased a new stake in PAR Technology in the fourth quarter valued at approximately $113,000. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider PAR Technology, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PAR Technology wasn't on the list. While PAR Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.