PAR Technology Corporation (NYSE:PAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of PAR Technology Corporation (NYSE:PAR – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.6111.

A number of research firms have weighed in on PAR. JPMorgan Chase & Co. upped their price target on shares of PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Royal Bank Of Canada set a $16.00 target price on shares of PAR Technology in a report on Tuesday, June 9th. Finally, BTIG Research cut their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th.

View Our Latest Report on PAR Technology

Insider Activity at PAR Technology

In other PAR Technology news, Director Narinder Singh acquired 11,518 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $17.36 per share, with a total value of $199,952.48. Following the completion of the purchase, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. The trade was a 42.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAR. Reinhart Partners LLC. lifted its holdings in PAR Technology by 45.6% in the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock worth $47,522,000 after purchasing an additional 410,183 shares in the last quarter. Rock Creek Group LP boosted its stake in PAR Technology by 316.7% in the 4th quarter. Rock Creek Group LP now owns 250,000 shares of the software maker’s stock worth $9,070,000 after purchasing an additional 190,000 shares during the period. Progeny 3 Inc. grew its holdings in PAR Technology by 5.6% during the 1st quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after buying an additional 114,500 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in PAR Technology by 62.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 458,621 shares of the software maker’s stock valued at $6,113,000 after buying an additional 175,831 shares in the last quarter. Finally, Visionary Wealth Advisors bought a new stake in shares of PAR Technology during the second quarter valued at approximately $6,844,000.

PAR Technology Trading Down 0.6%

Shares of PAR stock opened at $16.02 on Friday. The firm has a fifty day moving average price of $17.73 and a 200-day moving average price of $15.93. PAR Technology has a 1 year low of $11.59 and a 1 year high of $44.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. The company has a market cap of $662.42 million, a price-to-earnings ratio of -9.10 and a beta of 1.33.

PAR Technology (NYSE:PAR – Get Free Report) last released its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The company had revenue of $133.41 million during the quarter, compared to analyst estimates of $124.66 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts predict that PAR Technology will post -0.13 earnings per share for the current year.

About PAR Technology

(Get Free Report)

PAR Technology Corporation provides technology solutions for restaurants and other foodservice businesses. Its products are designed to support front-of-house and back-of-house operations, including point-of-sale transactions, payment processing, customer engagement, loyalty programs, workforce management, inventory management and restaurant analytics.

The company’s platform includes Brink POS, a cloud-based point-of-sale system for restaurant operators, as well as PAR Pay payment solutions and customer engagement technology associated with Punchh.

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