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 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.
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