PAR Technology Corporation (NYSE:PAR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $26.1667.

Several research firms have recently commented on PAR. UBS Group set a $16.00 price target on PAR Technology in a research report on Tuesday, June 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a research note on Friday, July 10th. Needham & Company LLC lowered their target price on PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group boosted their price target on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th.

Insider Buying and Selling at PAR Technology

In related news, insider Cathy A. King sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the sale, the insider directly owned 122,919 shares in the company, valued at approximately $1,890,494.22. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 594,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $14.59 per share, with a total value of $8,679,591.00. Following the purchase, the insider directly owned 4,675,000 shares of the company’s stock, valued at $68,208,250. The trade was a 14.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,069,900 shares of company stock valued at $15,568,965 over the last three months. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PAR Technology

Several institutional investors have recently modified their holdings of PAR. State of Wyoming purchased a new position in PAR Technology in the fourth quarter valued at $34,000. Kestra Advisory Services LLC purchased a new stake in PAR Technology during the 4th quarter worth about $35,000. Tower Research Capital LLC TRC boosted its position in shares of PAR Technology by 278.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock worth $216,000 after acquiring an additional 2,291 shares in the last quarter. MidFirst Bank acquired a new position in shares of PAR Technology during the 4th quarter worth about $113,000. Finally, AQR Capital Management LLC purchased a new position in shares of PAR Technology in the 1st quarter valued at about $309,000.

PAR Technology Price Performance

PAR Technology stock opened at $17.54 on Thursday. The company’s 50 day simple moving average is $16.12 and its 200-day simple moving average is $17.39. The company has a market capitalization of $723.36 million, a price-to-earnings ratio of -9.38 and a beta of 1.33. PAR Technology has a 1 year low of $11.59 and a 1 year high of $60.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The firm had revenue of $123.97 million during the quarter, compared to the consensus estimate of $116.88 million. During the same quarter last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities research analysts expect that PAR Technology will post -0.16 earnings per share for the current year.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.