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

PAR Technology Co. (NYSE:PAR) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $81.86.

PAR has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Monday, March 3rd. Citigroup restated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after purchasing an additional 81,551 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PAR Technology in the fourth quarter worth $1,796,000. Moody National Bank Trust Division increased its stake in PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock valued at $1,764,000 after acquiring an additional 13,200 shares during the last quarter. Barclays PLC raised its position in PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after purchasing an additional 51,578 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in PAR Technology during the fourth quarter worth about $205,000.

PAR Technology Trading Up 0.2 %

NYSE:PAR opened at $56.40 on Friday. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $61.21 and its 200 day moving average is $66.72. The stock has a market capitalization of $2.27 billion, a PE ratio of -225.60 and a beta of 1.95.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. Sell-side 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.