PAR Technology (NYSE:PAR) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of PAR Technology (NYSE:PAR) in a report released on Tuesday morning,Benzinga reports. The firm currently has a $90.00 price target on the software maker’s stock.

Other analysts also recently issued reports about the company. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Craig Hallum boosted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark raised their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Lake Street Capital boosted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group raised their target price on shares of PAR Technology from $59.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.25.

PAR Technology Stock Performance

PAR opened at $76.92 on Tuesday. The business’s 50-day simple moving average is $61.72 and its 200 day simple moving average is $53.47. PAR Technology has a 52-week low of $36.16 and a 52-week high of $79.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The firm has a market capitalization of $2.79 billion, a PE ratio of -305.72 and a beta of 2.14.

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 analysts’ consensus estimates 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 return on equity of 8.99% and a negative net margin of 0.66%. The business’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.35) EPS. As a group, sell-side analysts expect that PAR Technology will post -1.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology in the second quarter valued at approximately $32,000. Amalgamated Bank lifted its stake in PAR Technology by 25.5% in 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 in the last quarter. LRI Investments LLC bought a new position in PAR Technology in the 1st quarter valued at $99,000. nVerses Capital LLC purchased a new position in shares of PAR Technology during the 3rd quarter valued at $125,000. Finally, RiverPark Advisors LLC bought a new position in shares of PAR Technology in the second quarter worth $191,000.

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.