John W. Sammon, Jr. Sells 5,660 Shares of PAR Technology Co. (NYSE:PAR) Stock
PAR Technology Co. (NYSE:PAR) Director John W. Sammon, Jr. sold 5,660 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $23.29, for a total transaction of $131,821.40. Following the completion of the transaction, the director now directly owns 2,463,544 shares in the company, valued at $57,375,939.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE PAR traded up $0.08 during mid-day trading on Tuesday, reaching $22.95. 116,575 shares of the company traded hands, compared to its average volume of 223,245. The company’s fifty day moving average is $23.79 and its two-hundred day moving average is $25.18. The company has a debt-to-equity ratio of 1.10, a quick ratio of 3.09 and a current ratio of 3.76. PAR Technology Co. has a fifty-two week low of $15.22 and a fifty-two week high of $29.77. The stock has a market cap of $371.48 million, a PE ratio of -74.03 and a beta of -0.20.
PAR Technology (NYSE:PAR) last posted its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). The company had revenue of $44.25 million during the quarter, compared to analyst estimates of $48.05 million. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%. Research analysts forecast that PAR Technology Co. will post -0.72 earnings per share for the current year.
Several institutional investors have recently modified their holdings of PAR. Bank of America Corp DE grew its stake in PAR Technology by 121.2% during the fourth quarter. Bank of America Corp DE now owns 6,740 shares of the software maker’s stock valued at $147,000 after acquiring an additional 3,693 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in PAR Technology by 4,825.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock worth $58,000 after purchasing an additional 2,316 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in PAR Technology in the first quarter valued at approximately $1,810,000. Steward Partners Investment Advisory LLC acquired a new stake in PAR Technology in the second quarter valued at approximately $47,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in shares of PAR Technology in the second quarter valued at approximately $3,645,000. Institutional investors and hedge funds own 57.29% of the company’s stock.
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 point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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