PAR Technology (NYSE:PAR) Reaches New 1-Year Low – Here’s Why

PAR Technology Corporation (NYSE:PAR) reached a new 52-week low during trading on Thursday . The company traded as low as $31.89 and last traded at $32.3650, with a volume of 504168 shares changing hands. The stock had previously closed at $33.96.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of PAR Technology in a research report on Thursday, November 13th. Benchmark cut their price objective on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. William Blair restated an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

PAR Technology Stock Up 4.4%

The business’s 50 day moving average is $37.56 and its 200 day moving average is $53.24. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.36 billion, a P/E ratio of -14.88 and a beta of 1.63.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The company had revenue of $119.18 million during the quarter, compared to the consensus estimate of $112.23 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. As a group, equities analysts anticipate that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology during the third quarter worth $28,000. Huntington National Bank increased its position in shares of PAR Technology by 66.2% in the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after acquiring an additional 174 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in PAR Technology by 8,616.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker’s stock worth $32,000 after acquiring an additional 517 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in PAR Technology during the 3rd quarter worth about $36,000. Finally, Advisors Asset Management Inc. grew its stake in PAR Technology by 68.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock valued at $39,000 after purchasing an additional 229 shares during the last quarter.

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.