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

PAR Technology Co. (NYSE:PAR) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $73.00.

PAR has been the subject of a number of research analyst reports. Needham & Company LLC upped their price target on PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group increased their target price on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Stephens lifted their price target on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday. Lake Street Capital upped their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, November 7th.

Institutional Trading of PAR Technology

A number of hedge funds have recently added to or reduced their stakes in PAR. Arcadia Investment Management Corp MI purchased a new position in PAR Technology in the 2nd quarter valued at $32,000. Amalgamated Bank boosted its holdings in shares of PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares in the last quarter. LRI Investments LLC acquired a new position in shares of PAR Technology during the first quarter worth about $99,000. nVerses Capital LLC acquired a new stake in PAR Technology in the third quarter valued at about $125,000. Finally, RiverPark Advisors LLC purchased a new stake in PAR Technology in the 2nd quarter valued at approximately $191,000.

PAR Technology Trading Up 1.2 %

Shares of NYSE:PAR opened at $75.15 on Tuesday. PAR Technology has a 52 week low of $33.13 and a 52 week high of $75.38. The company’s 50 day moving average is $57.04 and its two-hundred day moving average is $51.02. The company has a market cap of $2.73 billion, a PE ratio of -300.59 and a beta of 2.14. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same period last year, the firm earned ($0.35) earnings per share. PAR Technology’s quarterly revenue was down 9.6% on a year-over-year basis. Equities analysts predict that PAR Technology will post -1.67 earnings per share for the current fiscal year.

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.