PAR Technology Corporation (NYSE:PAR – Get Free Report) insider Elizabeth Codner sold 653 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $19.29, for a total transaction of $12,596.37. Following the completion of the sale, the insider owned 30,789 shares of the company’s stock, valued at approximately $593,919.81. This represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
PAR Technology Stock Down 7.3%
PAR Technology stock opened at $18.32 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The stock has a market cap of $757.67 million, a PE ratio of -10.41 and a beta of 1.33. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $48.27. The firm’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $16.08.
PAR Technology (NYSE:PAR – Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $133.41 million for the quarter, compared to analysts’ expectations of $124.66 million. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. Research analysts predict that PAR Technology Corporation will post -0.13 EPS for the current fiscal year.
Institutional Investors Weigh In On PAR Technology
Wall Street Analysts Forecast Growth
PAR has been the subject of several research reports. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research report on Tuesday, June 9th. The Goldman Sachs Group lifted their price target on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. increased their price objective on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Finally, BTIG Research dropped their price objective on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.61.
View Our Latest Report on PAR Technology
About PAR Technology
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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