PAR Technology Co. (NYSE:PAR) Given Consensus Rating of "Moderate Buy" by Analysts

PAR Technology Co. (NYSE:PAR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $79.25.

A number of research analysts have commented on PAR shares. Stephens lifted their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Lake Street Capital upped their price objective on PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Benchmark lifted their target price on PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upgraded shares of PAR Technology from a "hold" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th.

PAR Technology Stock Performance

Shares of PAR Technology stock traded up $1.00 on Friday, hitting $78.70. The stock had a trading volume of 337,277 shares, compared to its average volume of 614,987. The company's 50 day moving average price is $65.96 and its 200 day moving average price is $55.60. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -314.80 and a beta of 2.20. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24.

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 for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the company earned ($0.35) earnings per share. The company's revenue was down 9.6% compared to the same quarter last year. On average, research analysts anticipate that PAR Technology will post -1.47 EPS for the current year.

Institutional Trading of PAR Technology

A number of institutional investors have recently added to or reduced their stakes in PAR. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the second quarter valued at $32,000. Amalgamated Bank grew its stake in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock valued at $55,000 after acquiring an additional 237 shares during the last quarter. nVerses Capital LLC purchased a new position in PAR Technology during the 3rd quarter valued at about $125,000. RiverPark Advisors LLC acquired a new position in PAR Technology during the second quarter worth about $191,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of PAR Technology in the second quarter valued at about $211,000.

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.