PAR Technology Co. (NYSE:PAR - Get Free Report) CFO Bryan A. Menar sold 803 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the transaction, the chief financial officer now owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a filing with the SEC, which is available through this link.
PAR Technology Stock Down 3.0 %
NYSE:PAR opened at $43.58 on Thursday. PAR Technology Co. has a fifty-two week low of $24.76 and a fifty-two week high of $49.84. The stock has a market capitalization of $1.48 billion, a P/E ratio of -17.23 and a beta of 1.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.96 and a current ratio of 2.25. The company's 50-day simple moving average is $44.48 and its 200-day simple moving average is $41.03.
PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.42) by ($0.05). The firm had revenue of $107.71 million during the quarter, compared to the consensus estimate of $106.12 million. PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. On average, equities analysts anticipate that PAR Technology Co. will post -1.15 earnings per share for the current fiscal year.
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Several brokerages have issued reports on PAR. Sidoti upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $61.00 target price on the stock in a report on Tuesday, March 12th. Benchmark began coverage on shares of PAR Technology in a report on Tuesday, February 13th. They set a "hold" rating on the stock. William Blair reiterated an "outperform" rating on shares of PAR Technology in a report on Tuesday, March 12th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Thursday, March 7th. Finally, TheStreet upgraded shares of PAR Technology from a "d+" rating to a "c-" rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, PAR Technology currently has a consensus rating of "Hold" and an average target price of $48.57.
Read Our Latest Stock Report on PAR
Institutional Trading of PAR Technology
Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in PAR Technology by 583.7% in the 3rd quarter. Invesco Ltd. now owns 174,612 shares of the software maker's stock worth $6,730,000 after purchasing an additional 149,071 shares in the last quarter. Reinhart Partners LLC. boosted its stake in PAR Technology by 11.2% in the 4th quarter. Reinhart Partners LLC. now owns 857,880 shares of the software maker's stock worth $37,352,000 after purchasing an additional 86,322 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in PAR Technology by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 210,556 shares of the software maker's stock worth $8,115,000 after purchasing an additional 6,489 shares in the last quarter. Newtyn Management LLC boosted its stake in PAR Technology by 9.2% in the 3rd quarter. Newtyn Management LLC now owns 982,527 shares of the software maker's stock worth $37,867,000 after purchasing an additional 82,527 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in PAR Technology by 32.4% in the 4th quarter. SG Americas Securities LLC now owns 12,133 shares of the software maker's stock worth $528,000 after purchasing an additional 2,966 shares in the last quarter.
About PAR Technology
(
Get Free Report)
PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.
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