PAR Technology (NYSE:PAR) announced its earnings results on Thursday, March 15th. The software maker reported $0.01 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $55.54 million during the quarter. PAR Technology had a positive return on equity of 5.26% and a negative net margin of 1.46%.
Shares of PAR traded up $0.12 during mid-day trading on Friday, hitting $13.60. The company’s stock had a trading volume of 46,285 shares, compared to its average volume of 126,953. PAR Technology has a one year low of $7.20 and a one year high of $14.87. The stock has a market capitalization of $215.78, a price-to-earnings ratio of 56.17 and a beta of -0.61.
Separately, ValuEngine raised PAR Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
An institutional investor recently raised its position in PAR Technology stock. Northern Trust Corp grew its holdings in PAR Technology Co. (NYSE:PAR) by 15.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,296 shares of the software maker’s stock after acquiring an additional 6,597 shares during the quarter. Northern Trust Corp owned 0.32% of PAR Technology worth $428,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 32.27% of the company’s stock.
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PAR Technology Company Profile
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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