PAR Technology (NYSE:PAR) Stock Price Up 4.4% – What’s Next?

Shares of PAR Technology Corporation (NYSE:PAR) were up 4.4% on Tuesday. The company traded as high as $16.17 and last traded at $16.19. Approximately 20,965 shares changed hands during trading, a decline of 98% from the average daily volume of 1,362,225 shares. The stock had previously closed at $15.51.

Wall Street Analysts Forecast Growth

PAR has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of PAR Technology in a research note on Monday, September 28th. JPMorgan Chase & Co. increased their price target on shares of PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. BTIG Research cut their price objective on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group increased their price target on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, 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. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.61.

PAR Technology Trading Up 0.1%

The stock has a market cap of $655.69 million, a PE ratio of -9.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The stock has a fifty day moving average price of $17.09 and a 200 day moving average price of $15.75.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $133.41 million for the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. Equities analysts expect that PAR Technology Corporation will post -0.13 EPS for the current year.

Insider Activity

In other PAR Technology news, Director Narinder Singh bought 11,518 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $17.36 per share, with a total value of $199,952.48. Following the completion of the purchase, the director owned 38,527 shares in the company, valued at $668,828.72. This represents a 42.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in PAR Technology in the 2nd quarter worth about $70,563,000. Progeny 3 Inc. increased its holdings in shares of PAR Technology by 5.6% in the 1st quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after acquiring an additional 114,500 shares during the period. Bandera Partners LLC purchased a new position in PAR Technology in the first quarter valued at about $9,331,000. AYAL Capital Advisors Ltd grew its position in shares of PAR Technology by 70.8% in the 4th quarter. AYAL Capital Advisors Ltd now owns 205,000 shares of the software maker’s stock worth $7,437,000 after buying an additional 85,000 shares during the last quarter. Finally, Visionary Wealth Advisors acquired a new position in shares of PAR Technology during the second quarter worth $6,844,000.

PAR Technology Company Profile

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its platform is designed to help restaurant brands manage point-of-sale operations, payments, back-office workflows, guest engagement, loyalty programs and related data across corporate and franchised locations.

The company’s portfolio includes Brink, a cloud-based restaurant point-of-sale system; PAR Pay payment solutions; and guest engagement and loyalty capabilities associated with Punchh.