Posted by Defense World Staff on Jun 2nd, 2024 
PAR Technology Co. (NYSE:PAR – Get Free Report)’s stock price fell 5.9% during mid-day trading on Friday . The company traded as low as $43.75 and last traded at $43.85. 257,819 shares were traded during mid-day trading, a decline of 5% from the average session volume of 270,010 shares. The stock had previously closed at $46.58.
A number of research firms recently issued reports on PAR. TheStreet upgraded shares of PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research report on Tuesday, March 12th. Needham & Company LLC reiterated a “buy” rating and set a $53.00 target price on shares of PAR Technology in a research report on Friday, May 10th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, March 7th. Finally, Sidoti raised shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.88.
View Our Latest Report on PAR
The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.81 and a current ratio of 2.07. The stock’s 50 day moving average is $44.09 and its two-hundred day moving average is $43.27.
PAR Technology (NYSE:PAR – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.07). The business had revenue of $105.50 million for the quarter, compared to the consensus estimate of $111.00 million. PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. On average, equities research analysts anticipate that PAR Technology Co. will post -1.2 earnings per share for the current fiscal year.
In related news, CFO Bryan A. Menar sold 803 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the transaction, the chief financial officer now owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total value of $189,180.00. Following the completion of the transaction, the director now owns 14,365 shares in the company, valued at $603,904.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the transaction, the chief financial officer now owns 54,601 shares of the company’s stock, valued at approximately $2,390,977.79. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. acquired a new stake in PAR Technology in the 1st quarter valued at $76,000. Central Pacific Bank Trust Division acquired a new stake in PAR Technology in the 1st quarter valued at $78,000. LRI Investments LLC acquired a new stake in PAR Technology in the 1st quarter valued at $99,000. ProShare Advisors LLC acquired a new stake in PAR Technology in the 1st quarter valued at $222,000. Finally, Janney Montgomery Scott LLC acquired a new stake in PAR Technology in the 1st quarter valued at $242,000.
(Get Free Report)
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.
Receive News & Ratings for PAR Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PAR Technology and related companies with MarketBeat.com’s FREE daily email newsletter.
Short Interest in Allakos Inc. (NASDAQ:ALLK) Drops By 9.1%
Chad R. Richison Sells 1,950 Shares of Paycom Software, Inc. (NYSE:PAYC) Stock
