PAR Technology (PAR) Announces Quarterly Earnings Results

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PAR Technology (NYSE:PAR) released its quarterly earnings results on Thursday. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.07), Morningstar.com reports. PAR Technology had a negative net margin of 11.06% and a negative return on equity of 1.74%. The company had revenue of $46.65 million for the quarter, compared to the consensus estimate of $44.92 million.

NYSE:PAR opened at $25.07 on Friday. The stock has a market capitalization of $399.82 million, a P/E ratio of 96.42 and a beta of 0.01. PAR Technology has a 12 month low of $10.22 and a 12 month high of $28.53.

Several equities analysts have recently commented on PAR shares. Roth Capital started coverage on PAR Technology in a research report on Tuesday, February 5th. They issued a “buy” rating and a $31.00 price objective on the stock. ValuEngine upgraded PAR Technology from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in PAR Technology by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 937,835 shares of the software maker’s stock valued at $20,839,000 after purchasing an additional 22,974 shares during the period. BlackRock Inc. raised its position in PAR Technology by 0.6% during the fourth quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after purchasing an additional 4,803 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in PAR Technology by 20.6% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 707,913 shares of the software maker’s stock valued at $15,397,000 after purchasing an additional 121,163 shares during the period. Nantahala Capital Management LLC raised its position in PAR Technology by 403.9% during the fourth quarter. Nantahala Capital Management LLC now owns 556,799 shares of the software maker’s stock valued at $12,110,000 after purchasing an additional 446,295 shares during the period. Finally, Kavi Asset Management LP purchased a new stake in PAR Technology during the third quarter valued at approximately $3,640,000. Institutional investors own 47.85% of the company’s stock.

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About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers cloud and on-premise software applications and hardware platforms, as well as related installation, technical, and maintenance support services.

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Earnings History for PAR Technology (NYSE:PAR)

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