PAR Technology Co. (NYSE:PAR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of PAR Technology Co. (NYSE:PAR) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $81.86.

A number of equities analysts recently commented on the stock. Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com raised PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th.

PAR Technology Stock Performance

Shares of PAR opened at $54.55 on Friday. PAR Technology has a 1 year low of $37.74 and a 1 year high of $82.24. The stock has a market capitalization of $2.19 billion, a PE ratio of -218.20 and a beta of 1.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock has a 50-day simple moving average of $62.78 and a 200-day simple moving average of $66.72.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $105.01 million during the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. The firm’s revenue was up 50.2% compared to the same quarter last year. On average, analysts predict that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently bought and sold shares of PAR. NBC Securities Inc. acquired a new position in PAR Technology in the 1st quarter valued at about $40,000. Rhumbline Advisers raised its stake in shares of PAR Technology by 1.4% during the first quarter. Rhumbline Advisers now owns 51,681 shares of the software maker’s stock worth $3,170,000 after purchasing an additional 691 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of PAR Technology by 20,288.1% during the first quarter. GAMMA Investing LLC now owns 42,815 shares of the software maker’s stock worth $2,626,000 after purchasing an additional 42,605 shares during the period. Moody National Bank Trust Division grew its position in PAR Technology by 3.0% in the 1st quarter. Moody National Bank Trust Division now owns 25,004 shares of the software maker’s stock valued at $1,534,000 after buying an additional 726 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker’s stock valued at $40,000 after buying an additional 588 shares during the period.

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.