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

Shares of PAR Technology Co. (NYSE:PAR) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $79.25.

PAR has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, January 3rd. Lake Street Capital increased their target price on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Benchmark lifted their price objective on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Stephens increased their target price on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th.

PAR Technology Price Performance

PAR stock opened at $66.55 on Thursday. The firm has a market cap of $2.58 billion, a P/E ratio of -266.19 and a beta of 2.22. The firm’s fifty day moving average is $72.22 and its 200 day moving average is $64.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology has a 52 week low of $37.74 and a 52 week high of $82.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology during the 4th quarter valued at $28,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of PAR Technology in the fourth quarter worth $29,000. Signaturefd LLC increased its position in PAR Technology by 85.6% during the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after acquiring an additional 279 shares during the last quarter. US Bancorp DE increased its position in PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after acquiring an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in PAR Technology in the fourth quarter valued at about $113,000.

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.