PAR Technology (NYSE:PAR) released its quarterly earnings results on Thursday. The software maker reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.15), Fidelity Earnings reports. The firm had revenue of $45.38 million during the quarter, compared to analyst estimates of $45.08 million. PAR Technology had a negative net margin of 14.68% and a negative return on equity of 19.16%.
NYSE:PAR traded up $3.76 on Friday, reaching $29.14. The stock had a trading volume of 390,639 shares, compared to its average volume of 180,133. The company has a market capitalization of $423.12 million, a P/E ratio of -94.00 and a beta of -0.17. PAR Technology has a 1-year low of $15.22 and a 1-year high of $29.87. The company has a quick ratio of 3.09, a current ratio of 3.76 and a debt-to-equity ratio of 1.10. The stock has a fifty day moving average price of $24.04 and a 200-day moving average price of $25.02.
The company also recently declared an annual dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.31 dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 1.31%.
PAR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of PAR Technology from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded shares of PAR Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.50.
In other news, Director John W. Sammon, Jr. sold 3,899 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $24.00, for a total transaction of $93,576.00. Following the transaction, the director now directly owns 2,410,661 shares in the company, valued at $57,855,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Sammon, Jr. sold 3,531 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $23.64, for a total transaction of $83,472.84. Following the transaction, the director now owns 2,195,910 shares in the company, valued at $51,911,312.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,570 shares of company stock worth $2,470,714. Company insiders own 30.00% of the company’s stock.
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.
Further Reading: Basic Economics
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