PAR Technology Corporation (PAR) – What Are Researchers Thinking About This Stock?

Shares of PAR Technology Corporation (NYSE:PAR) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.61.

PAR has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on PAR Technology from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of PAR Technology in a research report on Monday, September 28th. The Goldman Sachs Group increased their price objective on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Finally, BTIG Research lowered their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th.

PAR Technology Trading Down 0.3%

Shares of PAR Technology stock opened at $17.30 on Tuesday. PAR Technology has a 1 year low of $11.59 and a 1 year high of $40.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The company has a market capitalization of $715.61 million, a P/E ratio of -9.83 and a beta of 1.35. The company’s fifty day moving average is $17.03 and its two-hundred day moving average is $15.83.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $124.66 million. During the same period in the prior year, the company earned $0.03 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Analysts forecast that PAR Technology will post -0.13 earnings per share for the current year.

Insider Buying and Selling at PAR Technology

In other news, Director Narinder Singh acquired 11,518 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the transaction, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. This represents a 42.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of PAR Technology

Hedge funds have recently made changes to their positions in the company. Penbrook Management LLC lifted its position in PAR Technology by 18.5% in the third quarter. Penbrook Management LLC now owns 63,700 shares of the software maker’s stock valued at $877,000 after purchasing an additional 9,940 shares during the period. Assenagon Asset Management S.A. purchased a new position in PAR Technology in the third quarter worth $933,000. WINTON GROUP Ltd purchased a new position in PAR Technology in the second quarter worth $526,000. Integrated Wealth Concepts LLC purchased a new position in PAR Technology in the second quarter worth $116,000. Finally, Squarepoint Ops LLC acquired a new stake in PAR Technology in the second quarter valued at $183,000.

PAR Technology Company Profile

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its platform is designed to help restaurant brands manage point-of-sale operations, payments, back-office workflows, guest engagement, loyalty programs and related data across corporate and franchised locations.

The company’s portfolio includes Brink, a cloud-based restaurant point-of-sale system; PAR Pay payment solutions; and guest engagement and loyalty capabilities associated with Punchh.