PAR Technology (NYSE:PAR) Sets New 52-Week Low – Should You Sell?

PAR Technology Corporation (NYSE:PAR)’s stock price hit a new 52-week low on Thursday . The company traded as low as $12.42 and last traded at $12.6320, with a volume of 36369 shares. The stock had previously closed at $12.84.

Analysts Set New Price Targets

A number of research analysts have recently commented on PAR shares. Stephens lowered their price objective on PAR Technology from $60.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. The Goldman Sachs Group reduced their target price on PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Needham & Company LLC lowered their price target on PAR Technology from $55.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Benchmark reduced their price objective on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, BTIG Research lowered their target price on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PAR Technology presently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

PAR Technology Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $30.89. The stock has a market cap of $530.51 million, a price-to-earnings ratio of -6.17 and a beta of 1.48.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.16. PAR Technology had a negative return on equity of 2.32% and a negative net margin of 18.54%.The company had revenue of $120.10 million during the quarter, compared to analyst estimates of $116.39 million. PAR Technology’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities research analysts expect that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Buying and Selling at PAR Technology

In other news, CEO Savneet Singh sold 57,605 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $17.49, for a total transaction of $1,007,511.45. Following the transaction, the chief executive officer owned 252,537 shares in the company, valued at approximately $4,416,872.13. The trade was a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Voss Capital, Lp acquired 182,862 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were bought at an average cost of $22.89 per share, with a total value of $4,185,711.18. Following the transaction, the insider directly owned 4,075,000 shares of the company’s stock, valued at $93,276,750. The trade was a 4.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 560,100 shares of company stock valued at $15,851,995 and have sold 90,689 shares valued at $1,600,226. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PAR Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in PAR Technology in the 3rd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology during the 3rd quarter worth approximately $28,000. State of Wyoming bought a new stake in shares of PAR Technology during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new stake in shares of PAR Technology during the fourth quarter valued at approximately $35,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of PAR Technology in the third quarter valued at $36,000.

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.