PAR Technology (NYSE:PAR) Reaches New 12-Month High After Analyst Upgrade

Shares of PAR Technology Co. (NYSE:PAR) hit a new 52-week high during mid-day trading on Tuesday after Stephens raised their price target on the stock from $83.00 to $90.00. Stephens currently has an overweight rating on the stock. PAR Technology traded as high as $79.25 and last traded at $78.79, with a volume of 13135 shares. The stock had previously closed at $78.33.

A number of other research analysts have also recently weighed in on PAR. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on PAR Technology from $59.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Tuesday. Lake Street Capital boosted their price target on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $60.00 in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

Institutional Trading of PAR Technology

Hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology during the 2nd quarter worth $32,000. Amalgamated Bank increased its position in shares of PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of PAR Technology during the first quarter worth about $99,000. nVerses Capital LLC acquired a new position in shares of PAR Technology in the third quarter worth about $125,000. Finally, RiverPark Advisors LLC purchased a new position in PAR Technology in the second quarter valued at about $191,000.

PAR Technology Trading Up 4.1 %

The business has a 50 day simple moving average of $62.12 and a two-hundred day simple moving average of $53.72. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -307.67 and a beta of 2.14. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the previous year, the firm earned ($0.35) EPS. The company’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts anticipate that PAR Technology Co. will post -1.56 EPS 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.