PAR Technology Co. (NYSE:PAR) Receives Average Rating of “Moderate Buy” from Analysts

PAR Technology Co. (NYSE:PAR) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $79.25.

A number of analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Stephens increased their price objective on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Craig Hallum lifted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Finally, Benchmark raised their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

PAR Technology Stock Down 6.0 %

PAR stock opened at $69.26 on Wednesday. The stock has a market cap of $2.51 billion, a P/E ratio of -277.03 and a beta of 2.21. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology has a twelve month low of $37.74 and a twelve month high of $82.24. The company’s 50 day moving average is $73.75 and its two-hundred day moving average is $60.01.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same period last year, the business earned ($0.35) EPS. PAR Technology’s revenue for the quarter was down 9.6% compared to the same quarter last year. Research analysts expect that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Trading of PAR Technology

Several hedge funds and other institutional investors have recently made changes to their positions in PAR. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the second quarter valued at about $32,000. Amalgamated Bank lifted its holdings in shares of PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC acquired a new stake in shares of PAR Technology in the 3rd quarter valued at approximately $125,000. Principal Financial Group Inc. purchased a new stake in shares of PAR Technology in the second quarter valued at approximately $211,000. Finally, Victory Capital Management Inc. grew its holdings in PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 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.