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

Shares of PAR Technology Co. (NYSE:PAR) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $81.86.

A number of equities analysts have issued reports on PAR shares. Craig Hallum restated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a research report on Monday, March 3rd.

Institutional Trading of PAR Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology during the fourth quarter valued at approximately $28,000. Mountain Hill Investment Partners Corp. bought a new position in PAR Technology during the 4th quarter valued at $29,000. Signaturefd LLC grew its stake in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after acquiring an additional 279 shares in the last quarter. US Bancorp DE raised its holdings in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after purchasing an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology during the fourth quarter valued at about $113,000.

PAR Technology Price Performance

PAR stock opened at $58.54 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -234.17 and a beta of 2.19. The company’s fifty day simple moving average is $68.13 and its 200 day simple moving average is $66.26. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data 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). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, analysts expect that PAR Technology will post -1.47 earnings per share for the current year.

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.