PAR Technology (NYSE:PAR) issued its quarterly earnings data on Thursday. 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. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%. The company had revenue of $45.38 million for the quarter, compared to the consensus estimate of $45.08 million.
Shares of PAR traded up $3.76 during mid-day trading on Friday, reaching $29.14. 390,639 shares of the company’s stock traded hands, compared to its average volume of 180,133. The stock has a market cap of $423.12 million, a P/E ratio of -94.00 and a beta of -0.17. The stock’s 50-day moving average is $24.04 and its two-hundred day moving average is $25.02. PAR Technology has a 12 month low of $15.22 and a 12 month high of $29.87. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.76 and a quick ratio of 3.09.
The firm also recently announced an annual dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 1.31%.
Several equities research analysts have weighed in on the company. ValuEngine raised PAR Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research raised PAR Technology from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.50.
In other news, 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 of the company’s stock, valued at $51,911,312.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $93,576.00. Following the transaction, the director now directly owns 2,410,661 shares in the company, valued at approximately $57,855,864. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,570 shares of company stock worth $2,470,714. 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.
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