PAR Technology (NYSE:PAR) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of PAR Technology (NYSE:PAR) in a report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a $90.00 target price on the software maker’s stock.

PAR has been the subject of a number of other research reports. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Stephens lifted their target price on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Lake Street Capital raised their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Craig Hallum upped their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Benchmark lifted their target price on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PAR Technology presently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Trading Up 3.6 %

Shares of NYSE:PAR opened at $74.08 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock’s fifty day moving average price is $73.47 and its 200-day moving average price is $59.60. PAR Technology has a 1 year low of $37.74 and a 1 year high of $82.24. The company has a market cap of $2.69 billion, a P/E ratio of -296.31 and a beta of 2.21.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data 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 firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter in the prior year, the business earned ($0.35) EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. Sell-side analysts expect that PAR Technology will post -1.47 earnings per share for the current year.

Institutional Trading of PAR Technology

A number of institutional investors have recently made changes to their positions in PAR. Charles Schwab Investment Management Inc. increased its stake in PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after purchasing an additional 20,811 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of PAR Technology during the 2nd quarter valued at approximately $3,881,000. Geode Capital Management LLC boosted its stake in shares of PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after acquiring an additional 81,551 shares in the last quarter. Barclays PLC increased its position in shares of PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after buying an additional 51,578 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC raised its position in PAR Technology by 33.3% during the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after acquiring an additional 15,000 shares during the period.

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.