PAR Technology Corporation (NYSE:PAR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PAR Technology Corporation (NYSE:PAR) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $78.4286.

Several equities analysts have recently weighed in on PAR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, July 11th. Benchmark reduced their price objective on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on PAR Technology from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, May 12th. Finally, BTIG Research raised PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, August 15th.

PAR Technology Stock Down 0.2%

Shares of NYSE:PAR opened at $51.41 on Thursday. The stock’s 50-day moving average price is $63.23 and its two-hundred day moving average price is $63.03. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. PAR Technology has a 12-month low of $46.24 and a 12-month high of $82.24. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -22.85 and a beta of 1.70.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The business had revenue of $112.40 million during the quarter, compared to analyst estimates of $111.02 million. During the same period in the previous year, the business posted ($0.23) earnings per share. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. On average, research analysts forecast that PAR Technology will post -1.47 EPS for the current year.

Hedge Funds Weigh In On PAR Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. Hood River Capital Management LLC acquired a new position in PAR Technology during the 4th quarter worth approximately $30,392,000. Nuveen LLC acquired a new position in PAR Technology during the 1st quarter worth approximately $24,500,000. GW&K Investment Management LLC acquired a new position in PAR Technology during the 1st quarter worth approximately $24,018,000. Invesco Ltd. lifted its position in PAR Technology by 24.1% during the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after acquiring an additional 364,892 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in PAR Technology by 194.2% during the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker’s stock worth $29,086,000 after acquiring an additional 264,188 shares in the last quarter.

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.