PAR Technology Corporation (NYSE:PAR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.28.

A number of brokerages have recently weighed in on PAR. BTIG Research cut their target price on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Weiss Ratings upgraded shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Needham & Company LLC increased their price target on shares of PAR Technology from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of PAR Technology from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th.

PAR Technology Trading Down 0.3%

NYSE:PAR opened at $22.23 on Friday. The firm’s fifty day simple moving average is $16.94 and its 200 day simple moving average is $16.90. PAR Technology has a twelve month low of $11.59 and a twelve month high of $40.54. The company has a current ratio of 2.07, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, November 5th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. PAR Technology had a negative net margin of 12.24% and a negative return on equity of 0.69%. The business had revenue of $137.11 million for the quarter, compared to the consensus estimate of $129.79 million. During the same period in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts predict that PAR Technology will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY bought a new position in shares of PAR Technology in the 2nd quarter worth approximately $38,000. State of Wyoming bought a new stake in shares of PAR Technology during the second quarter valued at approximately $43,000. Bessemer Group Inc. bought a new stake in shares of PAR Technology during the third quarter valued at approximately $69,000. Advisors Asset Management Inc. bought a new stake in shares of PAR Technology during the third quarter valued at approximately $71,000. Finally, Fulcrum Asset Management LLP grew its stake in PAR Technology by 14,008.7% in the third quarter. Fulcrum Asset Management LLP now owns 6,490 shares of the software maker’s stock worth $88,000 after purchasing an additional 6,444 shares during the period.

About PAR Technology

PAR Technology Corporation provides technology products and services for restaurants and other foodservice businesses. Its offerings include point-of-sale systems, cloud-based software, payment solutions, digital ordering tools, and guest-engagement and loyalty programs designed to help businesses manage operations and customer interactions. The company’s portfolio includes Brink POS, a cloud-based point-of-sale platform, and Punchh, a guest engagement and loyalty platform. PAR also provides hardware and technology services, serving restaurant operators in the United States and international markets.