PAR Technology (NYSE:PAR) Stock Price Down 4.3%

PAR Technology Co. (NYSE:PAR) traded down 4.3% on Monday . The company traded as low as $44.85 and last traded at $45.06. 31,691 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 305,745 shares. The stock had previously closed at $47.09.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. William Blair reissued an “outperform” rating on shares of PAR Technology in a report on Tuesday, March 12th. Benchmark upped their target price on shares of PAR Technology from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, March 7th. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, March 12th. Finally, Stephens upgraded PAR Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

PAR Technology Stock Performance

The company has a current ratio of 2.07, a quick ratio of 1.81 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $44.88 and its 200-day moving average price is $44.25.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, May 9th. The software maker reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.07). PAR Technology had a negative net margin of 17.14% and a negative return on equity of 14.53%. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $111.00 million. As a group, sell-side analysts expect that PAR Technology Co. will post -1.22 EPS for the current year.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total value of $35,163.37. Following the transaction, the chief financial officer now owns 54,601 shares of the company’s stock, valued at approximately $2,390,977.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On PAR Technology

A number of institutional investors have recently modified their holdings of PAR. Voss Capital LLC bought a new position in PAR Technology in the fourth quarter worth approximately $15,262,000. Hodges Capital Management Inc. bought a new position in shares of PAR Technology during the 1st quarter worth $4,354,000. Jump Financial LLC purchased a new position in shares of PAR Technology during the fourth quarter valued at $570,000. Intrinsic Edge Capital Management LLC raised its holdings in shares of PAR Technology by 94.1% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 315,607 shares of the software maker’s stock valued at $13,742,000 after acquiring an additional 152,972 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in PAR Technology by 583.7% in the third quarter. Invesco Ltd. now owns 174,612 shares of the software maker’s stock worth $6,730,000 after acquiring an additional 149,071 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.