ValuEngine cut shares of PAR Technology (NYSE:PAR) from a buy rating to a hold rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the stock. Sidoti raised shares of PAR Technology from a neutral rating to a buy rating in a report on Friday, July 26th. Zacks Investment Research cut shares of PAR Technology from a hold rating to a sell rating in a report on Saturday, August 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. PAR Technology currently has an average rating of Hold and a consensus target price of $31.50.

Shares of PAR stock opened at $25.84 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 3.76 and a debt-to-equity ratio of 1.10. The firm’s 50-day moving average is $23.53 and its 200-day moving average is $25.04. PAR Technology has a 52-week low of $15.22 and a 52-week high of $29.77.

PAR Technology (NYSE:PAR) last issued its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06). The firm had revenue of $44.25 million during the quarter, compared to the consensus estimate of $48.05 million. PAR Technology had a negative net margin of 14.68% and a negative return on equity of 19.16%. Sell-side analysts forecast that PAR Technology will post -0.75 earnings per share for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 1.31%.

In other PAR Technology news, Director John W. Sammon, Jr. sold 1,354 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $23.01, for a total transaction of $31,155.54. Following the transaction, the director now owns 2,524,153 shares in the company, valued at approximately $58,080,760.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John W. Sammon, Jr. sold 16,202 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $23.17, for a total transaction of $375,400.34. Following the transaction, the director now owns 2,562,518 shares in the company, valued at approximately $59,373,542.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,488 shares of company stock worth $779,675. Company insiders own 30.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PAR. Bank of America Corp DE boosted its position in shares of PAR Technology by 121.2% during the 4th quarter. Bank of America Corp DE now owns 6,740 shares of the software maker’s stock worth $147,000 after acquiring an additional 3,693 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of PAR Technology by 4,825.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock worth $58,000 after acquiring an additional 2,316 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of PAR Technology during the 1st quarter worth approximately $1,810,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of PAR Technology during the 2nd quarter worth approximately $47,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of PAR Technology during the 2nd quarter worth 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.

Further Reading: Blockchain

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for PAR Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAR Technology and related companies with MarketBeat.com's FREE daily email newsletter.