According to Zacks, “PAR TECHNOLOGY CORP. designs, develops, manufactures, markets, installs, and services microprocessor- based transaction processing systems for the restaurant and industrial market-places, Corneal Topography systems for measuring the true topography of the eye and vision inspection systems for the food-processing industry (Commercial Segment). Co. is also engaged in the design and implementation of advanced-technology computer software systems, for the Department of Defense and other Government agencies (Government Segment). “
Several other equities analysts have also issued reports on the company. Sidoti raised PAR Technology from a neutral rating to a buy rating in a research note on Friday, July 26th. ValuEngine raised PAR Technology from a sell rating to a hold rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $31.50.
PAR stock traded up $3.76 during trading on Friday, hitting $29.14. The company had a trading volume of 390,639 shares, compared to its average volume of 180,133. The business has a 50-day moving average of $24.04 and a 200-day moving average of $25.02. PAR Technology has a one year low of $15.22 and a one year high of $29.87. The stock has a market cap of $423.12 million, a PE ratio of -94.00 and a beta of -0.17. 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 (NYSE:PAR) last issued its quarterly earnings results on Thursday, November 7th. The software maker reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.15). PAR Technology had a negative net margin of 14.68% and a negative return on equity of 19.16%. The business had revenue of $45.38 million during the quarter, compared to analyst estimates of $45.08 million. Research analysts forecast that PAR Technology will post -0.73 EPS for the current year.
The firm also recently declared an annual dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.31 dividend. This represents a yield of 1.31%. The ex-dividend date of this dividend was Thursday, September 26th.
In other PAR Technology news, Director John W. Sammon, Jr. sold 16,202 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $23.17, for a total value of $375,400.34. Following the transaction, the director now directly owns 2,562,518 shares of the company’s stock, valued at $59,373,542.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John W. Sammon, Jr. sold 5,773 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $23.14, for a total value of $133,587.22. Following the completion of the transaction, the director now directly owns 2,567,985 shares in the company, valued at $59,423,172.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,570 shares of company stock worth $2,470,714. Insiders own 30.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of PAR Technology by 4.0% during the second quarter. BlackRock Inc. now owns 762,178 shares of the software maker’s stock worth $21,494,000 after purchasing an additional 29,368 shares during the period. Vanguard Group Inc. raised its position in shares of PAR Technology by 13.3% during the second quarter. Vanguard Group Inc. now owns 554,270 shares of the software maker’s stock worth $15,631,000 after purchasing an additional 65,025 shares during the period. Bamco Inc. NY raised its position in shares of PAR Technology by 5.3% during the second quarter. Bamco Inc. NY now owns 282,135 shares of the software maker’s stock worth $7,956,000 after purchasing an additional 14,124 shares during the period. Castleark Management LLC acquired a new position in shares of PAR Technology during the second quarter worth approximately $5,632,000. Finally, 3G Capital Partners LP acquired a new position in shares of PAR Technology during the second quarter worth approximately $5,149,000. 56.34% of the stock is currently owned by hedge funds and other institutional investors.
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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