PAR Technology Co. (NYSE:PAR) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of PAR Technology Co. (NYSE:PAR - Get Free Report) have been given an average rating of "Moderate Buy" by the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $79.25.

PAR has been the subject of a number of analyst reports. Craig Hallum boosted their price target on PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a report on Monday, November 11th. Lake Street Capital increased their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Thursday, November 7th.

Institutional Trading of PAR Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Progeny 3 Inc. grew its stake in shares of PAR Technology by 10.9% in the second quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker's stock worth $62,199,000 after acquiring an additional 129,810 shares in the last quarter. Royce & Associates LP raised its position in PAR Technology by 2.6% in the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker's stock valued at $61,677,000 after purchasing an additional 30,000 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of PAR Technology by 15.2% in the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock valued at $60,981,000 after buying an additional 154,921 shares during the period. Reinhart Partners LLC. grew its position in shares of PAR Technology by 6.4% during the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker's stock worth $49,308,000 after buying an additional 57,049 shares in the last quarter. Finally, State Street Corp raised its holdings in PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker's stock valued at $46,108,000 after acquiring an additional 10,582 shares in the last quarter.

PAR Technology Stock Performance

PAR traded down $0.76 during trading on Wednesday, reaching $72.67. 323,170 shares of the company's stock were exchanged, compared to its average volume of 363,583. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology has a 1 year low of $37.74 and a 1 year high of $82.24. The company's fifty day simple moving average is $72.93 and its 200-day simple moving average is $59.33. The stock has a market capitalization of $2.64 billion, a P/E ratio of -290.67 and a beta of 2.20.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm's revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.35) earnings per share. As a group, research analysts predict that PAR Technology will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.