Insider Selling: PAR Technology Co. (NYSE:PAR) Director Sells 1,354 Shares of Stock

PAR Technology Co. (NYSE:PAR) Director John W. Sammon, Jr. sold 1,354 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSE:PAR traded down $0.25 during mid-day trading on Friday, reaching $22.73. The stock had a trading volume of 301,443 shares, compared to its average volume of 219,026. The firm has a 50 day moving average price of $23.93 and a two-hundred day moving average price of $25.25. PAR Technology Co. has a one year low of $15.22 and a one year high of $29.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 3.09 and a current ratio of 3.76.

PAR Technology (NYSE:PAR) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06). The firm had revenue of $44.25 million during the quarter, compared to the consensus estimate of $48.05 million. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%. On average, sell-side analysts predict that PAR Technology Co. will post -0.72 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new position in PAR Technology in the second quarter valued at about $56,000. Frontier Wealth Management LLC bought a new position in PAR Technology in the second quarter valued at about $2,349,000. Bamco Inc. NY lifted its holdings in PAR Technology by 5.3% in the second quarter. Bamco Inc. NY now owns 282,135 shares of the software maker’s stock valued at $7,956,000 after acquiring an additional 14,124 shares during the period. 3G Capital Partners LP bought a new position in PAR Technology in the second quarter valued at about $5,149,000. Finally, Rock Creek Group LP bought a new position in PAR Technology in the second quarter valued at about $3,525,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on PAR shares. Jefferies Financial Group started coverage on PAR Technology in a research report on Wednesday, May 15th. They issued a “buy” rating and a $32.00 target price for the company. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating in a research report on Friday, July 26th. Zacks Investment Research downgraded PAR Technology from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, ValuEngine downgraded PAR Technology from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $31.50.

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.

Recommended Story: Dividend

Receive News & Ratings for PAR Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAR Technology and related companies with MarketBeat.com's FREE daily email newsletter.