PAR Technology Co. (NYSE:PAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PAR Technology Co. (NYSE:PAR) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $79.25.

Several analysts have recently commented on the stock. Lake Street Capital lifted their price target 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. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. Stephens increased their price target on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Craig Hallum increased their target price on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Institutional Trading of PAR Technology

Several hedge funds have recently modified their holdings of the stock. Amalgamated Bank increased its holdings in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the period. KBC Group NV increased its stake in shares of PAR Technology by 30.4% during the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares during the period. nVerses Capital LLC acquired a new stake in PAR Technology in the third quarter valued at approximately $125,000. Mount Yale Investment Advisors LLC purchased a new position in PAR Technology in the fourth quarter worth approximately $286,000. Finally, Victory Capital Management Inc. grew its holdings in PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 shares in the last quarter.

PAR Technology Stock Up 0.9 %

Shares of NYSE:PAR opened at $73.06 on Friday. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24. The stock has a market cap of $2.83 billion, a P/E ratio of -292.24 and a beta of 2.21. The business has a fifty day moving average of $74.75 and a two-hundred day moving average of $62.94. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last released 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 firm had revenue of $96.80 million during 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%. PAR Technology’s revenue was down 9.6% compared to the same quarter last year. During the same period last year, the business earned ($0.35) earnings per share. On average, research analysts expect that PAR Technology will post -1.47 earnings per share 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.