PAR Technology (NYSE:PAR) CFO Bryan Menar Sells 6,500 Shares of Stock

PAR Technology Corporation (NYSE:PAR) CFO Bryan Menar sold 6,500 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the sale, the chief financial officer owned 71,481 shares in the company, valued at $2,539,719.93. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PAR Technology Stock Performance

NYSE PAR opened at $36.86 on Friday. The firm’s 50 day simple moving average is $35.77 and its 200 day simple moving average is $49.96. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -17.22 and a beta of 1.38. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. PAR Technology Corporation has a 1 year low of $31.65 and a 1 year high of $81.51.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $119.18 million for the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. As a group, research analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAR. Benchmark decreased their target price on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research note on Monday. The Goldman Sachs Group lowered their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 13th. William Blair reissued an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Finally, BTIG Research lowered their target price on PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Hedge Funds Weigh In On PAR Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in PAR Technology by 0.5% in the third quarter. Vanguard Group Inc. now owns 3,291,802 shares of the software maker’s stock valued at $130,290,000 after acquiring an additional 15,131 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after purchasing an additional 476,839 shares during the last quarter. Invesco Ltd. increased its position in shares of PAR Technology by 24.1% during the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after buying an additional 364,892 shares during the period. Bamco Inc. NY raised its stake in PAR Technology by 8.5% during the second quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock worth $121,494,000 after buying an additional 137,434 shares during the last quarter. Finally, Progeny 3 Inc. lifted its holdings in PAR Technology by 16.9% in the third quarter. Progeny 3 Inc. now owns 1,732,318 shares of the software maker’s stock valued at $68,565,000 after buying an additional 249,923 shares during the period.

PAR Technology Company Profile

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.