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

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research note issued to investors on Thursday.

PAR has been the topic of several other reports. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research note on Friday, August 9th. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Stephens increased their target price on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC boosted their price target on PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.17.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $74.24 on Thursday. The company has a 50-day simple moving average of $57.04 and a 200-day simple moving average of $51.02. 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 cap of $2.69 billion, a PE ratio of -296.95 and a beta of 2.14. PAR Technology has a 12 month low of $31.57 and a 12 month high of $74.64.

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

Institutional Trading of PAR Technology

Several large investors have recently added to or reduced their stakes in PAR. Capital Research Global Investors grew its stake in shares of PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock valued at $155,670,000 after buying an additional 1,068,641 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PAR Technology by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after purchasing an additional 50,793 shares during the period. Progeny 3 Inc. lifted its position in shares of PAR Technology by 10.9% during the second quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock worth $62,199,000 after purchasing an additional 129,810 shares in the last quarter. Royce & Associates LP lifted its position in shares of PAR Technology by 2.6% during the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock valued at $49,308,000 after purchasing an additional 57,049 shares during the period.

About PAR Technology

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.