PAR Technology Co. (NYSE:PAR - Get Free Report) Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the sale, the director now owns 11,760 shares of the company's stock, valued at approximately $822,964.80. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
PAR Technology Stock Up 0.8%
PAR stock opened at $66.34 on Friday. The firm has a 50-day moving average price of $60.41 and a 200-day moving average price of $67.59. PAR Technology Co. has a 12 month low of $41.86 and a 12 month high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $2.69 billion, a P/E ratio of -265.36 and a beta of 1.76.
PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company's quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.36) earnings per share. As a group, equities research analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.
Institutional Investors Weigh In On PAR Technology
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of PAR Technology by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock valued at $177,770,000 after purchasing an additional 69,546 shares in the last quarter. Voss Capital LP raised its holdings in PAR Technology by 16.9% in the 1st quarter. Voss Capital LP now owns 1,706,362 shares of the software maker's stock valued at $104,668,000 after buying an additional 246,362 shares during the last quarter. Invesco Ltd. raised its holdings in PAR Technology by 17.8% in the 1st quarter. Invesco Ltd. now owns 1,512,347 shares of the software maker's stock valued at $92,767,000 after buying an additional 228,369 shares during the last quarter. Reinhart Partners LLC. boosted its position in PAR Technology by 15.0% during the 1st quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker's stock worth $52,681,000 after buying an additional 112,183 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in PAR Technology by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock worth $48,000,000 after buying an additional 26,008 shares during the period.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on PAR. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a report on Monday, May 12th. The Goldman Sachs Group boosted their price target on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Wall Street Zen upgraded shares of PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PAR Technology currently has an average rating of "Moderate Buy" and an average target price of $79.86.
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PAR Technology Company Profile
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PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.
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