PAR Technology Co. (NYSE:PAR – Get Free Report) CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
PAR Technology Stock Performance
Shares of PAR opened at $44.21 on Friday. The stock’s fifty day simple moving average is $44.44 and its 200-day simple moving average is $41.05. PAR Technology Co. has a 12-month low of $24.76 and a 12-month high of $49.84. The company has a quick ratio of 1.96, a current ratio of 2.25 and a debt-to-equity ratio of 1.13.
PAR Technology (NYSE:PAR – Get Free Report) last released its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). The business had revenue of $107.71 million for the quarter, compared to analyst estimates of $106.12 million. PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. Research analysts predict that PAR Technology Co. will post -1.15 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on PAR
Hedge Funds Weigh In On PAR Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in PAR Technology by 82.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,398 shares of the software maker’s stock worth $48,000 after purchasing an additional 631 shares during the period. NBC Securities Inc. bought a new stake in PAR Technology in the 1st quarter valued at $76,000. UBS Group AG boosted its stake in PAR Technology by 1,087.7% in the 4th quarter. UBS Group AG now owns 3,563 shares of the software maker’s stock worth $93,000 after purchasing an additional 3,263 shares during the period. Royal Bank of Canada increased its holdings in PAR Technology by 44.3% during the 2nd quarter. Royal Bank of Canada now owns 4,325 shares of the software maker’s stock worth $143,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of PAR Technology in the fourth quarter valued at $201,000.
About PAR Technology
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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