PAR Technology (PAR) Posts Earnings Results

PAR Technology (NYSE:PAR) released its quarterly earnings results on Wednesday. The software maker reported ($0.06) earnings per share (EPS) for the quarter, Morningstar.com reports. PAR Technology had a negative return on equity of 1.39% and a negative net margin of 3.79%. The company had revenue of $46.36 million for the quarter.

Shares of NYSE PAR traded down $0.28 during midday trading on Thursday, reaching $19.08. 72,538 shares of the company were exchanged, compared to its average volume of 109,194. PAR Technology has a 1 year low of $7.31 and a 1 year high of $26.40.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP purchased a new position in shares of PAR Technology during the second quarter worth about $354,000. BlackRock Inc. grew its holdings in shares of PAR Technology by 199.6% during the second quarter. BlackRock Inc. now owns 802,900 shares of the software maker’s stock worth $14,194,000 after buying an additional 534,869 shares during the last quarter. Strs Ohio purchased a new position in shares of PAR Technology during the second quarter worth about $836,000. Granite Investment Partners LLC grew its holdings in shares of PAR Technology by 35.6% during the second quarter. Granite Investment Partners LLC now owns 54,822 shares of the software maker’s stock worth $969,000 after buying an additional 14,402 shares during the last quarter. Finally, EAM Investors LLC grew its holdings in shares of PAR Technology by 357.4% during the second quarter. EAM Investors LLC now owns 46,194 shares of the software maker’s stock worth $817,000 after buying an additional 36,094 shares during the last quarter. 37.72% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered PAR Technology from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.

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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 cloud and on-premise software applications and hardware platforms, as well as related installation, technical, and maintenance support services.

Further Reading: Understanding Price to Earnings Ratio (PE)

Earnings History for PAR Technology (NYSE:PAR)

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