PAR Technology (NYSE:PAR) Announces Quarterly Earnings Results

PAR Technology (NYSE:PAR) announced its earnings results on Thursday. The software maker reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.15), Fidelity Earnings reports. The company had revenue of $45.38 million for the quarter, compared to analyst estimates of $45.08 million. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%.

Shares of NYSE PAR traded up $3.76 during midday trading on Friday, reaching $29.14. The company’s stock had a trading volume of 390,639 shares, compared to its average volume of 180,133. The company has a current ratio of 3.76, a quick ratio of 3.09 and a debt-to-equity ratio of 1.10. PAR Technology has a fifty-two week low of $15.22 and a fifty-two week high of $29.87. The stock has a market capitalization of $423.12 million, a price-to-earnings ratio of -94.00 and a beta of -0.17. The stock has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $25.02.

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

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

In other news, Director John W. Sammon, Jr. sold 16,202 shares of PAR Technology stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $23.17, for a total value of $375,400.34. Following the sale, the director now directly owns 2,562,518 shares in the company, valued at $59,373,542.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Sammon, Jr. sold 17,218 shares of PAR Technology stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $23.05, for a total transaction of $396,874.90. Following the completion of the sale, the director now owns 2,310,721 shares in the company, valued at $53,262,119.05. The disclosure for this sale can be found here. Insiders sold 106,570 shares of company stock worth $2,470,714 over the last quarter. 30.00% of the stock is owned by corporate 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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