PAR Technology (NYSE:PAR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

PAR Technology Co. (NYSE:PAR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.48 and traded as high as $68.01. PAR Technology shares last traded at $67.80, with a volume of 526,600 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Craig Hallum raised their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark lifted their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Lake Street Capital lifted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Stephens lifted their price objective 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Price Performance

The company’s 50 day moving average price is $74.40 and its 200-day moving average price is $60.48. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -271.19 and a beta of 2.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of PAR Technology by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after acquiring an additional 20,811 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of PAR Technology in the 2nd quarter worth about $3,881,000. Geode Capital Management LLC lifted its position in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after buying an additional 81,551 shares in the last quarter. Barclays PLC lifted its position in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock worth $3,310,000 after buying an additional 51,578 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC lifted its position in PAR Technology by 33.3% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after buying an additional 15,000 shares in the last quarter.

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.