PAR Technology Sees Unusually High Options Volume (NYSE:PAR)

PAR Technology Co. (NYSE:PAR - Get Free Report) was the target of some unusual options trading on Monday. Traders purchased 10,536 call options on the company. This represents an increase of approximately 7,426% compared to the average daily volume of 140 call options.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology during the second quarter worth $32,000. Amalgamated Bank lifted its position in PAR Technology by 25.5% in the second 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 last quarter. LRI Investments LLC purchased a new stake in PAR Technology during the 1st quarter valued at $99,000. nVerses Capital LLC bought a new position in PAR Technology during the 3rd quarter valued at approximately $125,000. Finally, RiverPark Advisors LLC purchased a new stake in PAR Technology in the second quarter worth $191,000.

PAR Technology Price Performance

Shares of PAR Technology stock traded up $0.91 on Monday, reaching $75.15. 2,327,876 shares of the stock were exchanged, compared to its average volume of 352,705. PAR Technology has a one year low of $33.13 and a one year high of $75.38. The firm has a market cap of $2.73 billion, a PE ratio of -300.63 and a beta of 2.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The firm's 50 day moving average is $57.04 and its 200-day moving average is $51.02.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.05). The business had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. PAR Technology's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.65) EPS. As a group, analysts anticipate that PAR Technology will post -1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAR. Needham & Company LLC raised their target price on PAR Technology from $66.00 to $90.00 and gave the company a "buy" rating in a research note on Monday. The Goldman Sachs Group raised their target price on shares of PAR Technology from $52.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Benchmark reissued a "buy" rating and set a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. StockNews.com raised PAR Technology to a "sell" rating in a report on Thursday. Finally, Craig Hallum boosted their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $73.00.

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.