Par Technology Corp (NYSE: PAR) is 4.58% higher on its value in year-to-date trading and has touched a low of $37.74 and a high of $82.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAR stock was last observed hovering at around $71.79 in the last trading session, with the day’s gains setting it 4.21%.
Currently trading at $76.00, the stock is 3.63% and 2.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 5.86% at the moment leaves the stock 36.57% off its SMA200. PAR registered 89.43% gain for a year compared to 6-month gain of 44.84%. The firm has a 50-day simple moving average (SMA 50) of $73.6758 and a 200-day simple moving average (SMA200) of $55.4956.
The stock witnessed a -1.29% loss in the last 1 month and extending the period to 3 months gives it a 34.39%, and is 9.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.89% over the week and 4.07% over the month.
Par Technology Corp (PAR) has around 1802 employees, a market worth around $2.76B and $388.11M in sales. Fwd P/E is 437.41. Profit margin for the company is -0.78%. Distance from 52-week low is 101.38% and -7.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.26%).
The EPS is expected to grow by 44.00% this year
275.0 institutions hold shares in Par Technology Corp (PAR), with institutional investors hold 105.51% of the company’s shares. The shares outstanding are 36.30M, and float is at 35.58M with Short Float at 11.81%. Institutions hold 103.50% of the Float.
The top institutional shareholder in the company is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with over 5.35 million shares valued at $251.99 million. The investor’s holdings represent 18.1301 of the PAR Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 3.53 million shares valued at $166.27 million to account for 11.9625 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.71 million shares representing 9.1666 and valued at over $127.41 million, while VANGUARD GROUP INC holds 9.1038 of the shares totaling 2.69 million with a market value of $126.53 million.
Par Technology Corp (PAR) Insider Activity
The most recent transaction is an insider sale by Rauch Douglas Gregory, the company’s Director. SEC filings show that Rauch Douglas Gregory sold 3,000 shares of the company’s common stock on Aug 28 ’24 at a price of $53.61 per share for a total of $0.16 million. Following the sale, the insider now owns 14760.0 shares.
Still, SEC filings show that on Apr 08 ’24, MENAR BRYAN A (Chief Financial Officer) disposed off 803 shares at an average price of $43.79 for $35163.0. The insider now directly holds 54,601 shares of Par Technology Corp (PAR).