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

by · The Cerbat Gem

PAR Technology Co. (NYSE:PAR – Get Free Report) 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.

Check Out Our Latest Stock Report on PAR Technology

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 – Get Free Report) 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

(Get Free Report

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.

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