PAR Technology (NYSE:PAR) Posts Earnings Results, Misses Expectations By $0.15 EPS

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 Zacks’ 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 business had revenue of $45.38 million during the quarter, compared to the consensus estimate of $45.08 million.

NYSE:PAR traded up $3.76 during trading hours on Friday, reaching $29.14. 390,639 shares of the company traded hands, compared to its average volume of 180,133. The business’s 50-day moving average price is $24.04 and its two-hundred day moving average price is $25.02. The stock 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 current ratio of 3.76, a quick ratio of 3.09 and a debt-to-equity ratio of 1.10.

The business also recently disclosed an annual dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.31 per share. This represents a yield of 1.31%. The ex-dividend date of this dividend was Thursday, September 26th.

Several equities research analysts recently weighed in on PAR shares. Zacks Investment Research upgraded PAR Technology from a “sell” rating to a “hold” rating in a research report on Friday. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine upgraded PAR Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $31.50.

In other news, Director John W. Sammon, Jr. sold 3,531 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $23.64, for a total value of $83,472.84. Following the completion of the transaction, the director now owns 2,195,910 shares in the company, valued at $51,911,312.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Sammon, Jr. sold 16,202 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $23.17, for a total value of $375,400.34. Following the completion of the transaction, the director now owns 2,562,518 shares of the company’s stock, valued at approximately $59,373,542.06. The disclosure for this sale can be found here. Insiders have sold 106,570 shares of company stock valued at $2,470,714 in the last quarter. 30.00% of the stock is owned by company insiders.

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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Earnings History for PAR Technology (NYSE:PAR)

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