StockNews.com Upgrades PAR Technology (NYSE:PAR) to Sell

StockNews.com upgraded shares of PAR Technology (NYSE:PAR - Free Report) to a sell rating in a research report released on Monday morning.

Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark reissued a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group increased their target price on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Finally, Stephens reissued an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.25.

PAR Technology Trading Up 3.7 %

PAR traded up $2.30 during trading on Monday, hitting $64.18. The company's stock had a trading volume of 428,853 shares, compared to its average volume of 499,185. PAR Technology has a twelve month low of $37.74 and a twelve month high of $82.24. The stock has a market cap of $2.48 billion, a PE ratio of -256.69 and a beta of 2.22. The firm's 50 day moving average price is $69.51 and its 200-day moving average price is $65.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

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PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. During the same period in the prior year, the firm earned ($0.33) EPS. PAR Technology's revenue for the quarter was up 50.2% on a year-over-year basis. On average, analysts expect that PAR Technology will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PAR Technology by 25.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,186 shares of the software maker's stock worth $6,118,000 after purchasing an additional 17,292 shares during the last quarter. Woodline Partners LP bought a new stake in shares of PAR Technology in the fourth quarter worth $297,000. Visionary Wealth Advisors increased its stake in shares of PAR Technology by 12.9% in the fourth quarter. Visionary Wealth Advisors now owns 378,896 shares of the software maker's stock worth $27,534,000 after buying an additional 43,399 shares during the last quarter. Two Sigma Investments LP raised its holdings in PAR Technology by 359.1% in the fourth quarter. Two Sigma Investments LP now owns 17,905 shares of the software maker's stock valued at $1,301,000 after acquiring an additional 14,005 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in PAR Technology during the 4th quarter valued at $207,000.

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.