PAR Technology (NYSE:PAR) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

PAR Technology (NYSE:PAR - Get Free Report) announced its earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04, Briefing.com reports. The firm had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's quarterly revenue was up 48.2% on a year-over-year basis. During the same period last year, the company posted ($0.36) EPS.

PAR Technology Stock Up 0.4%

PAR traded up $0.27 on Friday, hitting $69.75. 307,660 shares of the company were exchanged, compared to its average volume of 436,673. The stock's fifty day moving average is $59.67 and its 200-day moving average is $67.32. PAR Technology has a 12 month low of $41.86 and a 12 month high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The company has a market cap of $2.82 billion, a PE ratio of -278.97 and a beta of 1.76.

Wall Street Analyst Weigh In

PAR has been the topic of a number of research analyst reports. Stephens restated an "overweight" rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Citigroup restated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd. Finally, Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $79.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAR. Royal Bank of Canada boosted its holdings in shares of PAR Technology by 8.0% in the 1st quarter. Royal Bank of Canada now owns 20,446 shares of the software maker's stock valued at $1,255,000 after buying an additional 1,515 shares during the last quarter. AQR Capital Management LLC acquired a new stake in PAR Technology in the first quarter valued at $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PAR Technology by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker's stock valued at $1,228,000 after acquiring an additional 874 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of PAR Technology by 186,466.7% in the 1st quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker's stock valued at $343,000 after acquiring an additional 5,594 shares during the period.

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.