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

Shares of PAR Technology Co. (NYSE:PAR) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $79.25.

A number of research analysts have recently weighed in on PAR shares. The Goldman Sachs Group raised their price target on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Stephens upped their price target on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. Finally, Lake Street Capital upped their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the business. Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the second quarter valued at $32,000. Amalgamated Bank grew its holdings in 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 position in shares of PAR Technology during the 3rd quarter valued at about $125,000. Principal Financial Group Inc. purchased a new position in shares of PAR Technology during the 2nd quarter worth about $211,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of PAR Technology by 5.1% during the 3rd 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.

PAR Technology Trading Down 6.0 %

Shares of PAR Technology stock opened at $69.26 on Wednesday. The company has a 50-day moving average of $73.75 and a two-hundred day moving average of $60.01. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.51 billion, a PE ratio of -277.03 and a beta of 2.21.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the business posted ($0.35) EPS. On average, research analysts anticipate that PAR Technology will post -1.47 EPS 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.