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

PAR Technology Co. (NYSE:PAR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the stock, 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 covered the stock in the last year is $77.38.

PAR has been the subject of several research reports. Stephens raised their target price on PAR Technology from $70.00 to $83.00 and gave the company an "overweight" rating in a research note on Monday. Jefferies Financial Group raised shares of PAR Technology from a "hold" rating to a "buy" rating and raised their price objective for the company from $45.00 to $60.00 in a research note on Monday, August 12th. Benchmark raised their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday. Craig Hallum boosted their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday. Finally, StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in shares of PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock valued at $236,000 after buying an additional 219 shares during the period. Amalgamated Bank increased its position in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock valued at $55,000 after purchasing an additional 237 shares during the period. Inspire Investing LLC grew its holdings in PAR Technology by 6.1% during the third quarter. Inspire Investing LLC now owns 7,935 shares of the software maker's stock worth $413,000 after acquiring an additional 454 shares during the period. State Board of Administration of Florida Retirement System raised its position in 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 worth $372,000 after acquiring an additional 610 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the 2nd quarter valued at about $32,000.

PAR Technology Stock Down 0.7 %

PAR Technology stock traded down $0.55 during midday trading on Tuesday, reaching $74.61. The stock had a trading volume of 350,530 shares, compared to its average volume of 352,695. The stock has a market capitalization of $2.71 billion, a P/E ratio of -301.44 and a beta of 2.14. The firm's fifty day simple moving average is $57.04 and its 200-day simple moving average is $51.02. PAR Technology has a 1-year low of $33.13 and a 1-year high of $75.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly 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. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the prior year, the firm posted ($0.35) EPS. The firm's quarterly revenue was down 9.6% on a year-over-year basis. As a group, analysts expect that PAR Technology will post -1.67 EPS for the current fiscal year.

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.