PAR Technology (NYSE:PAR) posted its quarterly earnings data on Thursday, November 7th. The software maker reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.15), Fidelity Earnings reports. The firm had revenue of $45.38 million for the quarter, compared to the consensus estimate of $45.08 million. PAR Technology had a negative return on equity of 25.77% and a negative net margin of 8.79%.
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Shares of PAR traded down $0.37 during trading hours on Friday, reaching $30.21. The stock had a trading volume of 145,386 shares, compared to its average volume of 209,914. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.23 and a quick ratio of 3.09. The firm has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $25.27. PAR Technology has a 12 month low of $15.65 and a 12 month high of $31.75.
In related news, Director John W. Sammon, Jr. sold 1,354 shares of PAR Technology stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $23.01, for a total value of $31,155.54. Following the completion of the sale, the director now owns 2,524,153 shares of the company’s stock, valued at approximately $58,080,760.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W. Sammon, Jr. sold 16,202 shares of PAR Technology stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $23.17, for a total value of $375,400.34. Following the transaction, the director now directly owns 2,562,518 shares of the company’s stock, valued at approximately $59,373,542.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,570 shares of company stock worth $2,470,714. Company insiders own 30.00% of the company’s stock.
Several research analysts have recently issued reports on PAR shares. ValuEngine raised PAR Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group upped their price objective on PAR Technology to $35.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Sidoti raised shares of PAR Technology from a “neutral” rating to a “buy” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research downgraded shares of PAR Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.33.
About PAR Technology
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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