PAR Technology (NYSE:PAR) issued its quarterly earnings results on Thursday, November 7th. The software maker reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.15), Fidelity Earnings reports. PAR Technology had a negative return on equity of 25.77% and a negative net margin of 8.79%. The business had revenue of $45.38 million for the quarter, compared to the consensus estimate of $45.08 million.
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Shares of NYSE PAR traded down $0.37 during trading hours on Friday, hitting $30.21. 145,386 shares of the stock were exchanged, compared to its average volume of 209,914. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.09 and a current ratio of 3.23. The company’s fifty day simple moving average is $24.63 and its two-hundred day simple moving average is $25.27. PAR Technology has a 1-year low of $15.65 and a 1-year high of $31.75.
In related news, Director John W. Sammon, Jr. sold 1,354 shares of PAR Technology stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $23.01, for a total transaction of $31,155.54. Following the completion of the transaction, the director now owns 2,524,153 shares of the company’s stock, valued at $58,080,760.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Sammon, Jr. sold 16,202 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $23.17, for a total transaction of $375,400.34. Following the completion of the sale, the director now owns 2,562,518 shares of the company’s stock, valued at $59,373,542.06. The disclosure for this sale can be found here. In the last three months, insiders sold 106,570 shares of company stock valued at $2,470,714. 30.00% of the stock is owned by insiders.
A number of brokerages have issued reports on PAR. Jefferies Financial Group increased their target price on shares of PAR Technology to $35.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. ValuEngine upgraded shares of PAR Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Zacks Investment Research lowered shares of PAR Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.33.
PAR Technology Company Profile
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.