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

PAR Technology Co. (NYSE:PAR) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $79.25.

PAR has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Thursday. Benchmark upped their price target 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. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. Finally, Stephens lifted their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its position 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 worth $55,000 after buying an additional 237 shares in the last quarter. nVerses Capital LLC bought a new stake in PAR Technology in the third quarter worth $125,000. KBC Group NV raised its stake in PAR Technology by 30.4% during the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. lifted its position in PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after purchasing an additional 219 shares during the last quarter. Finally, RiverPark Advisors LLC grew its stake in shares of PAR Technology by 21.3% in the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares in the last quarter.

PAR Technology Trading Up 0.5 %

PAR Technology stock opened at $71.65 on Friday. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a market cap of $2.77 billion, a P/E ratio of -286.57 and a beta of 2.21. 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 business has a 50-day simple moving average of $74.89 and a two-hundred day simple moving average of $62.43.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million during the quarter, compared to analyst estimates 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 revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.35) EPS. Analysts predict that PAR Technology will post -1.47 EPS for the current 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.