PAR Technology (NYSE:PAR) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently weighed in on PAR. Stephens upped their price target on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, January 3rd. The Goldman Sachs Group boosted their price target 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 lifted their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum increased their target price on PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PAR Technology has an average rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Stock Down 1.2 %

Shares of NYSE:PAR opened at $71.15 on Thursday. The firm’s 50-day moving average is $74.94 and its two-hundred day moving average is $62.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology has a 1 year low of $37.74 and a 1 year high of $82.24. The firm has a market capitalization of $2.75 billion, a PE ratio of -284.57 and a beta of 2.21.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the firm earned ($0.35) EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Analysts predict that PAR Technology will post -1.47 EPS for the current year.

Institutional Trading of PAR Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in PAR. TimesSquare Capital Management LLC purchased a new position in PAR Technology during the 3rd quarter worth approximately $14,398,000. Bamco Inc. NY increased its holdings in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after acquiring an additional 154,921 shares during the period. Progeny 3 Inc. raised its position in PAR Technology by 10.9% in the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after purchasing an additional 129,810 shares during the last quarter. Fred Alger Management LLC acquired a new stake in PAR Technology during the 3rd quarter worth $6,600,000. Finally, Magnolia Capital Advisors LLC purchased a new position in PAR Technology during the 2nd quarter worth $3,881,000.

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.