PAR Technology Co. (NYSE:PAR) Given Average Rating of “Moderate Buy” by Analysts

Shares of PAR Technology Co. (NYSE:PAR) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $79.25.

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, November 7th. Stephens increased their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Lake Street Capital boosted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Benchmark upped their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On PAR Technology

Large investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology in the 2nd quarter valued at $32,000. Amalgamated Bank boosted its holdings in shares of PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC purchased a new position in shares of PAR Technology in the third quarter worth approximately $125,000. Principal Financial Group Inc. acquired a new stake in shares of PAR Technology during the second quarter valued at approximately $211,000. Finally, Victory Capital Management Inc. lifted its position in shares of PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after acquiring an additional 219 shares in the last quarter.

PAR Technology Price Performance

Shares of NYSE PAR opened at $72.67 on Wednesday. PAR Technology has a 1-year low of $37.74 and a 1-year high of $82.24. The firm has a market capitalization of $2.64 billion, a PE ratio of -290.67 and a beta of 2.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The business’s fifty day moving average price is $72.67 and its two-hundred day moving average price is $59.23.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter last year, the company earned ($0.35) EPS. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, research analysts expect that PAR Technology will post -1.47 EPS for the current year.

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.