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

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

Several equities research analysts have weighed in on PAR shares. Craig Hallum lifted their price target 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. Benchmark boosted their target price on PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Stephens increased their price target on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Lake Street Capital upped their target price on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, January 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TimesSquare Capital Management LLC bought a new stake in shares of PAR Technology in the 3rd quarter worth approximately $14,398,000. Bamco Inc. NY increased its position in PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock worth $60,981,000 after buying an additional 154,921 shares during the last quarter. Progeny 3 Inc. raised 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 valued at $62,199,000 after buying an additional 129,810 shares during the period. Fred Alger Management LLC purchased a new position in shares of PAR Technology during the 3rd quarter valued at $6,600,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of PAR Technology during the 2nd quarter worth $3,881,000.

PAR Technology Trading Up 0.5 %

PAR traded up $0.34 during trading on Friday, reaching $71.65. 334,233 shares of the stock traded hands, compared to its average volume of 493,536. The stock has a market capitalization of $2.77 billion, a PE ratio of -286.57 and a beta of 2.21. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The stock's 50-day moving average is $74.89 and its 200 day moving average is $62.55. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24.

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