PAR Technology (NYSE:PAR) Trading 11.7% Higher – Here’s Why

Shares of PAR Technology Co. (NYSE:PAR) traded up 11.7% during trading on Friday . The company traded as high as $66.49 and last traded at $67.82. 67,446 shares traded hands during trading, a decline of 86% from the average session volume of 468,660 shares. The stock had previously closed at $60.71.

Analyst Ratings Changes

PAR has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. Lake Street Capital increased their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Performance

The firm has a market capitalization of $2.67 billion, a PE ratio of -275.50 and a beta of 2.22. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of $70.35 and a 200 day moving average of $65.47.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The business had revenue of $105.01 million for the quarter, compared to analysts’ expectations of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.33) EPS. Equities research analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

Hedge Funds Weigh In On PAR Technology

Institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology during the 4th quarter worth $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in PAR Technology during the fourth quarter valued at about $29,000. Signaturefd LLC lifted its stake in PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE boosted its holdings in shares of PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after purchasing an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of PAR Technology in the 4th quarter worth about $113,000.

PAR Technology Company Profile

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.