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

Shares of PAR Technology Corporation (NYSE:PAR) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.7778.

A number of equities analysts have recently issued reports on PAR shares. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a report on Friday, March 27th. UBS Group set a $16.00 price target on shares of PAR Technology in a report on Tuesday. William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Friday, March 13th. Finally, Needham & Company LLC cut their price target on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 9th.

Insider Transactions at PAR Technology

In other PAR Technology news, major shareholder Voss Capital, Lp acquired 125,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $14.62 per share, with a total value of $1,827,500.00. Following the purchase, the insider owned 4,775,000 shares in the company, valued at approximately $69,810,500. The trade was a 2.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the completion of the sale, the insider directly owned 122,919 shares in the company, valued at approximately $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently added to or reduced their stakes in PAR. Greenstone Partners & Co. LLC acquired a new stake in PAR Technology in the 4th quarter valued at about $36,981,000. Long Focus Capital Management LLC grew its stake in PAR Technology by 4,210.9% in the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock valued at $34,734,000 after acquiring an additional 857,218 shares during the last quarter. SG Americas Securities LLC acquired a new stake in PAR Technology in the 4th quarter valued at about $27,274,000. Bandera Partners LLC acquired a new stake in PAR Technology in the 1st quarter valued at about $9,331,000. Finally, Capital Research Global Investors grew its stake in PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after acquiring an additional 476,839 shares during the last quarter.

PAR Technology Stock Up 2.3%

Shares of PAR Technology stock opened at $13.58 on Wednesday. The company has a market cap of $560.13 million, a P/E ratio of -7.26 and a beta of 1.35. 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 has a one year low of $11.59 and a one year high of $72.15. The firm has a fifty day moving average of $14.05 and a two-hundred day moving average of $23.01.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. On average, analysts forecast that PAR Technology will post -0.28 earnings per share for the current year.

About PAR Technology

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.