PAR Technology (NYSE:PAR) Upgraded to Sell by StockNews.com

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research report sent to investors on Wednesday morning.

Several other equities research analysts also recently issued reports on PAR. Jefferies Financial Group raised PAR Technology from a hold rating to a buy rating and raised their price target for the company from $45.00 to $60.00 in a research report on Monday, August 12th. The Goldman Sachs Group raised their price target on PAR Technology from $45.00 to $51.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Needham & Company LLC raised their price target on PAR Technology from $57.00 to $60.00 and gave the company a buy rating in a research report on Friday, August 9th. Benchmark reaffirmed a buy rating and issued a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. Finally, Stephens raised PAR Technology from an equal weight rating to an overweight rating and raised their price target for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $58.00.

PAR Technology Trading Down 1.0 %

PAR Technology stock opened at $56.43 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -21.96 and a beta of 2.17. PAR Technology has a one year low of $28.21 and a one year high of $58.57. The company’s fifty day moving average price is $52.41 and its two-hundred day moving average price is $47.00.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate 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%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.65) earnings per share. On average, analysts forecast that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of PAR Technology by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after buying an additional 173,575 shares during the period. Castleark Management LLC lifted its stake in shares of PAR Technology by 59.7% in the first quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock valued at $3,600,000 after buying an additional 29,680 shares during the period. Hodges Capital Management Inc. bought a new stake in shares of PAR Technology in the first quarter valued at about $4,354,000. Wasatch Advisors LP bought a new stake in shares of PAR Technology in the first quarter valued at about $10,194,000. Finally, Capital Research Global Investors lifted its stake in PAR Technology by 43.4% during the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 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.