PAR Technology (PAR) Announces Earnings Results, Misses Expectations By $0.07 EPS

PAR Technology (NYSE:PAR) announced its quarterly earnings results on Thursday. The software maker reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.07), Morningstar.com reports. PAR Technology had a negative net margin of 11.06% and a negative return on equity of 1.74%.

Shares of PAR opened at $25.07 on Friday. The firm has a market capitalization of $399.82 million, a price-to-earnings ratio of 96.42 and a beta of 0.01. PAR Technology has a fifty-two week low of $10.22 and a fifty-two week high of $28.53.

A number of brokerages have weighed in on PAR. ValuEngine upgraded shares of PAR Technology from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Roth Capital began coverage on shares of PAR Technology in a report on Tuesday, February 5th. They issued a “buy” rating and a $31.00 price target on the stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of PAR Technology in the 3rd quarter valued at $329,000. Northern Trust Corp boosted its holdings in shares of PAR Technology by 215.1% in the 2nd quarter. Northern Trust Corp now owns 146,871 shares of the software maker’s stock valued at $2,596,000 after buying an additional 100,259 shares during the period. Kavi Asset Management LP acquired a new position in shares of PAR Technology in the 3rd quarter valued at about $3,640,000. AQR Capital Management LLC acquired a new position in shares of PAR Technology in the 3rd quarter valued at about $274,000. Finally, Bamco Inc. NY acquired a new position in shares of PAR Technology in the 3rd quarter valued at about $2,518,000. Institutional investors own 47.85% of the company’s stock.

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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 cloud and on-premise software applications and hardware platforms, as well as related installation, technical, and maintenance support services.

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Earnings History for PAR Technology (NYSE:PAR)

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