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

PAR Technology (NYSE:PAR) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report released on Monday.

PAR has been the subject of several other research reports. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday. Craig Hallum restated a “buy” rating on shares of PAR Technology in a report on Friday. Lake Street Capital upped their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Stock Performance

Shares of NYSE:PAR traded down $4.36 during trading hours on Monday, hitting $64.35. The stock had a trading volume of 534,953 shares, compared to its average volume of 491,251. The stock’s fifty day simple moving average is $70.35 and its 200 day simple moving average is $65.66. 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 $2.49 billion, a price-to-earnings ratio of -257.39 and a beta of 2.22. 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 earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The company had revenue of $105.01 million during the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) EPS. Sell-side analysts anticipate that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently made changes to their positions in PAR. Creative Planning acquired a new stake in shares of PAR Technology during the third quarter valued at approximately $316,000. Harbor Capital Advisors Inc. grew its stake in PAR Technology by 106.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 84,815 shares of the software maker’s stock valued at $4,417,000 after acquiring an additional 43,633 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in PAR Technology during the 3rd quarter valued at about $14,398,000. Lisanti Capital Growth LLC purchased a new position in PAR Technology during the 3rd quarter valued at about $3,520,000. Finally, Victory Capital Management Inc. grew its stake 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 valued at $236,000 after acquiring an additional 219 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.