Key Points
- Insider sale: PAR Technology insider Cathy King sold 20,000 shares at $15.38 each, totaling about $307,600. The sale reduced her direct ownership by 13.99% and was executed under a pre-arranged Rule 10b5-1 plan.
- Stock performance: PAR shares were down 7.4% and opened at $14.15, near the company’s 50-day average of $14.02 and far below its 200-day average of $23.65. The stock has traded between a 52-week low of $11.59 and high of $72.15.
- Fundamentals and outlook: PAR recently beat quarterly EPS and revenue estimates, reporting $0.10 EPS and $123.97 million in revenue, up 19.4% year over year. Analysts currently have a consensus Hold rating with an average target price of $28.00.
PAR Technology Corporation (NYSE:PAR - Get Free Report) insider Cathy King sold 20,000 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the transaction, the insider directly owned 122,919 shares of the company's stock, valued at $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PAR Technology Stock Down 7.4%
Shares of PAR stock opened at $14.15 on Thursday. The company's fifty day simple moving average is $14.02 and its two-hundred day simple moving average is $23.65. PAR Technology Corporation has a 52 week low of $11.59 and a 52 week high of $72.15. The stock has a market cap of $583.77 million, a P/E ratio of -7.57 and a beta of 1.35. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51.
PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The firm had revenue of $123.97 million during the quarter, compared to analyst estimates of $116.88 million. During the same quarter last year, the business posted ($0.01) earnings per share. The business's quarterly revenue was up 19.4% compared to the same quarter last year. Analysts predict that PAR Technology Corporation will post -0.3 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of PAR. Greenstone Partners & Co. LLC purchased a new stake in shares of PAR Technology in the fourth quarter worth approximately $36,981,000. Long Focus Capital Management LLC lifted its stake in shares of PAR Technology by 4,210.9% during the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker's stock worth $34,734,000 after acquiring an additional 857,218 shares during the last quarter. SG Americas Securities LLC purchased a new position in PAR Technology during the 4th quarter valued at $27,274,000. Bandera Partners LLC purchased a new position in PAR Technology during the 1st quarter valued at $9,331,000. Finally, Capital Research Global Investors grew its position in PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker's stock valued at $128,121,000 after acquiring an additional 476,839 shares during the last quarter.
Analysts Set New Price Targets
Several equities analysts have weighed in on PAR shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PAR Technology in a research note on Friday, March 27th. Benchmark lowered their target price on PAR Technology from $42.00 to $33.00 and set a "buy" rating for the company in a research report on Monday, March 16th. The Goldman Sachs Group cut their target price on shares of PAR Technology from $40.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a research note on Saturday, May 9th. Finally, William Blair reissued an "outperform" rating on shares of PAR Technology in a research note on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $28.00.
Get Our Latest Analysis on PAR
PAR Technology Company Profile
(
Get Free Report)
PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company's platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR's integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.
Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.
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