PAR Technology (NYSE:PAR) Receives "Buy" Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of PAR Technology (NYSE:PAR - Free Report) in a report released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $90.00 price objective on the software maker's stock.

Several other analysts have also commented on PAR. Stephens increased their target price on shares of PAR Technology from $70.00 to $83.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research note on Thursday, November 7th. Lake Street Capital increased their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Craig Hallum increased their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of PAR Technology from a "hold" rating to a "buy" rating and upped their price target for the company from $45.00 to $60.00 in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PAR Technology has a consensus rating of "Moderate Buy" and a consensus price target of $78.25.

PAR Technology Price Performance

Shares of PAR Technology stock traded down $2.03 on Tuesday, hitting $76.30. The company had a trading volume of 352,671 shares, compared to its average volume of 358,407. The business has a 50-day simple moving average of $61.72 and a 200-day simple moving average of $53.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market cap of $2.77 billion, a PE ratio of -305.72 and a beta of 2.14. PAR Technology has a 52 week low of $36.16 and a 52 week high of $79.25.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million during the quarter, compared to analysts' expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business's revenue was down 9.6% on a year-over-year basis. During the same period last year, the firm posted ($0.35) earnings per share. Research analysts expect that PAR Technology will post -1.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its stake in shares of PAR Technology by 8.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker's stock valued at $372,000 after buying an additional 610 shares during the period. Vanguard Group Inc. grew its holdings in shares of PAR Technology by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker's stock worth $97,950,000 after purchasing an additional 50,793 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of PAR Technology by 14.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker's stock valued at $348,000 after purchasing an additional 954 shares in the last quarter. Kennedy Capital Management LLC bought a new position in PAR Technology in the first quarter worth $259,000. Finally, Castleark Management LLC increased its holdings in PAR Technology by 59.7% in the 1st quarter. Castleark Management LLC now owns 79,360 shares of the software maker's stock valued at $3,600,000 after buying an additional 29,680 shares during the period.

PAR Technology Company Profile

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.