Key Points
- PAR CFO Bryan Menar sold 6,500 shares on Dec. 10 at an average price of $35.53 for proceeds of $230,945, reducing his stake by 8.34% to 71,481 shares; the sale was disclosed in an SEC filing.
- PAR's latest quarter showed EPS of $0.06, missing estimates by $0.03, while revenue grew 23.1% year‑over‑year to $119.18 million, though the company still reported a negative net margin and negative return on equity.
- The stock was trading down ~2.1%, has a market cap of about $1.5 billion and a negative P/E (~-17.22), and analysts hold a consensus rating of Moderate Buy with an average target of $64.00.
PAR Technology Corporation (NYSE:PAR - Get Free Report) CFO Bryan Menar sold 6,500 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the transaction, the chief financial officer directly owned 71,481 shares in the company, valued at approximately $2,539,719.93. This represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
PAR Technology Trading Down 2.1%
NYSE:PAR opened at $36.86 on Friday. PAR Technology Corporation has a 12 month low of $31.65 and a 12 month high of $81.51. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -17.22 and a beta of 1.38. The firm has a fifty day simple moving average of $35.77 and a two-hundred day simple moving average of $49.96.
PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The company had revenue of $119.18 million for the quarter, compared to the consensus estimate of $112.23 million. PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.PAR Technology's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company earned ($0.09) EPS. Analysts expect that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. William Blair reissued an "outperform" rating on shares of PAR Technology in a research note on Tuesday, October 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of PAR Technology in a research report on Monday. The Goldman Sachs Group lowered their price objective on shares of PAR Technology from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, October 13th. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of PAR Technology in a report on Thursday, November 13th. Finally, Benchmark lowered their target price on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.00.
Get Our Latest Analysis on PAR
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of PAR Technology by 1,787.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,247 shares of the software maker's stock worth $199,000 after buying an additional 3,075 shares during the last quarter. Vanguard Group Inc. grew its stake in PAR Technology by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock valued at $177,770,000 after purchasing an additional 69,546 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of PAR Technology by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 302,656 shares of the software maker's stock valued at $18,565,000 after purchasing an additional 8,621 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of PAR Technology by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,233 shares of the software maker's stock worth $382,000 after purchasing an additional 234 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of PAR Technology by 17.8% in the 1st quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock worth $92,767,000 after buying an additional 228,369 shares during the last quarter.
PAR Technology Company Profile
(
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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