PAR Technology’s (PAR) Buy Rating Reiterated at BTIG Research

PAR Technology (NYSE:PAR)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a report issued on Friday,Benzinga reports. They currently have a $60.00 price target on the software maker’s stock. BTIG Research’s price objective suggests a potential upside of 118.12% from the company’s previous close.

Other research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of PAR Technology in a research note on Friday, January 9th. The Goldman Sachs Group reduced their price objective on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, William Blair reissued an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and an average target price of $64.00.

PAR Technology Stock Down 3.6%

PAR stock opened at $27.51 on Friday. PAR Technology has a one year low of $27.29 and a one year high of $74.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70. The company has a fifty day moving average of $35.30 and a 200-day moving average of $42.70. The stock has a market capitalization of $1.12 billion, a PE ratio of -12.85 and a beta of 1.35.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The firm had revenue of $119.18 million for the quarter, compared to analysts’ expectations of $112.23 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, analysts expect that PAR Technology will post -1.47 EPS for the current year.

Insider Activity

In other PAR Technology news, CFO Bryan A. Menar sold 6,500 shares of PAR Technology stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the transaction, the chief financial officer owned 71,481 shares in the company, valued at approximately $2,539,719.93. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Voss Capital, Lp purchased 25,000 shares of PAR Technology stock in a transaction on Tuesday, January 6th. The stock was acquired at an average cost of $34.56 per share, for a total transaction of $864,000.00. Following the acquisition, the insider directly owned 3,613,898 shares of the company’s stock, valued at approximately $124,896,314.88. This represents a 0.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 196,035 shares of company stock worth $7,103,730 over the last quarter. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS Group AG grew its holdings in PAR Technology by 1.8% during the 4th quarter. UBS Group AG now owns 199,208 shares of the software maker’s stock valued at $7,227,000 after buying an additional 3,536 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of PAR Technology by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker’s stock valued at $119,871,000 after acquiring an additional 12,250 shares in the last quarter. Marathon Capital Management boosted its stake in shares of PAR Technology by 13.7% during the fourth quarter. Marathon Capital Management now owns 76,835 shares of the software maker’s stock valued at $2,788,000 after acquiring an additional 9,240 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of PAR Technology by 8.8% during the fourth quarter. Peregrine Capital Management LLC now owns 299,411 shares of the software maker’s stock valued at $10,863,000 after acquiring an additional 24,143 shares during the last quarter. Finally, Walleye Partners LLC purchased a new stake in PAR Technology during the 4th quarter worth about $2,689,000.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.