PAR Technology (NYSE:PAR) Upgraded at StockNews.com

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research report released on Thursday morning.

Other research analysts have also issued reports about the company. Craig Hallum raised their price target on PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. Lake Street Capital boosted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark increased their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group upped their target price on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Trading Up 0.5 %

PAR Technology stock opened at $71.65 on Thursday. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -286.57 and a beta of 2.21. The firm has a 50-day moving average price of $74.89 and a two-hundred day moving average price of $62.43.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) earnings per share. Sell-side analysts expect that PAR Technology will post -1.47 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

Hedge funds have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC purchased a new stake in shares of PAR Technology during the fourth quarter valued at $286,000. KBC Group NV raised its holdings in PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares during the period. Janney Montgomery Scott LLC lifted its stake in PAR Technology by 18.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker’s stock valued at $779,000 after buying an additional 1,663 shares in the last quarter. Yarbrough Capital LLC boosted its holdings in shares of PAR Technology by 61.9% in the fourth quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker’s stock worth $917,000 after buying an additional 4,820 shares during the period. Finally, Moody National Bank Trust Division increased its position in shares of 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 worth $1,764,000 after acquiring an additional 13,200 shares in the last quarter.

About PAR Technology

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.