PAR Technology (NYSE:PAR) Stock Price Up 11.7% - Should You Buy?

PAR Technology Co. (NYSE:PAR - Get Free Report) shares traded up 11.7% during trading on Friday . The company traded as high as $66.49 and last traded at $67.82. 67,446 shares traded hands during trading, a decline of 86% from the average session volume of 468,660 shares. The stock had previously closed at $60.71.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group boosted their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday. StockNews.com raised PAR Technology to a "sell" rating in a report on Monday. Lake Street Capital boosted their target price on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.25.

PAR Technology Trading Up 2.4 %

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 firm has a 50 day moving average of $69.98 and a 200 day moving average of $65.83. The firm has a market cap of $2.55 billion, a PE ratio of -263.83 and a beta of 2.22.

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PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. During the same quarter in the previous year, the company posted ($0.33) EPS. PAR Technology's revenue for the quarter was up 50.2% on a year-over-year basis. Equities analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock valued at $15,523,000 after acquiring an additional 20,811 shares during the period. Geode Capital Management LLC raised its holdings in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock valued at $42,664,000 after acquiring an additional 81,551 shares during the period. Moody National Bank Trust Division raised its holdings in PAR Technology by 119.2% during the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after acquiring an additional 13,200 shares during the period. Barclays PLC raised its holdings in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after acquiring an additional 51,578 shares during the period. Finally, Franklin Resources Inc. raised its holdings in PAR Technology by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock valued at $903,000 after acquiring an additional 932 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.