PAR Technology’s (PAR) Buy Rating Reiterated at Needham & Company LLC

PAR Technology (NYSE:PAR)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a report issued on Monday, Benzinga reports. They currently have a $25.00 price objective on the software maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 77.18% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a research note on Tuesday, June 9th. Weiss Ratings upgraded PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. BTIG Research reduced their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, The Goldman Sachs Group boosted their target price on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.61.

PAR Technology Trading Down 1.9%

PAR Technology stock traded down $0.28 during trading hours on Monday, reaching $14.11. 99,122 shares of the company’s stock traded hands, compared to its average volume of 1,380,517. The firm has a market capitalization of $583.59 million, a price-to-earnings ratio of -8.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. PAR Technology has a fifty-two week low of $11.59 and a fifty-two week high of $40.54. The firm’s 50 day moving average is $17.35 and its 200-day moving average is $15.71.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The business had revenue of $133.41 million for the quarter, compared to analyst estimates of $124.66 million. During the same period in the prior year, the business posted $0.03 earnings per share. PAR Technology’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that PAR Technology will post -0.13 earnings per share for the current year.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, Director Narinder Singh acquired 11,518 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the acquisition, the director directly owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This trade represents a 42.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Trading of PAR Technology

Several hedge funds have recently bought and sold shares of PAR. WINTON GROUP Ltd bought a new stake in shares of PAR Technology during the second quarter worth $526,000. Integrated Wealth Concepts LLC bought a new stake in PAR Technology in the 2nd quarter valued at $116,000. Squarepoint Ops LLC acquired a new position in PAR Technology in the 2nd quarter worth $183,000. Two Sigma Securities LLC bought a new position in PAR Technology during the 2nd quarter worth about $189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PAR Technology by 28.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,299 shares of the software maker’s stock valued at $1,521,000 after purchasing an additional 19,320 shares during the period.

PAR Technology Company Profile

PAR Technology Corporation provides technology solutions for restaurants and other foodservice businesses. Its products are designed to support front-of-house and back-of-house operations, including point-of-sale transactions, payment processing, customer engagement, loyalty programs, workforce management, inventory management and restaurant analytics.

The company’s platform includes Brink POS, a cloud-based point-of-sale system for restaurant operators, as well as PAR Pay payment solutions and customer engagement technology associated with Punchh.