PAR Technology (NYSE:PAR) Lifted to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of PAR Technology (NYSE:PAR) from a hold rating to a buy rating in a report published on Monday morning, MarketBeat.com reports. Jefferies Financial Group currently has $60.00 target price on the software maker’s stock, up from their prior target price of $45.00.

Several other equities research analysts also recently commented on PAR. StockNews.com upgraded PAR Technology to a sell rating in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on PAR Technology from $45.00 to $51.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Benchmark reissued a buy rating and issued a $69.00 target price on shares of PAR Technology in a research report on Friday, August 9th. Stephens raised PAR Technology from an equal weight rating to an overweight rating and raised their target price for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. Finally, Needham & Company LLC raised their target price on PAR Technology from $57.00 to $60.00 and gave the stock a buy rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, PAR Technology has an average rating of Moderate Buy and an average target price of $57.00.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $51.86 on Monday. PAR Technology has a 1-year low of $28.21 and a 1-year high of $55.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The business has a fifty day moving average price of $47.87 and a 200-day moving average price of $45.61. The company has a market capitalization of $1.76 billion, a PE ratio of -20.18 and a beta of 2.18.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The company had revenue of $78.20 million for the quarter, compared to the consensus estimate of $115.14 million. During the same quarter in the previous year, the business earned ($0.65) earnings per share. PAR Technology’s revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts expect that PAR Technology will post -1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PAR. Raymond James Financial Services Advisors Inc. lifted its position in shares of PAR Technology by 15.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,625 shares of the software maker’s stock valued at $985,000 after buying an additional 3,100 shares in the last quarter. Voss Capital LLC bought a new position in PAR Technology in the 4th quarter worth approximately $15,262,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PAR Technology by 8.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock worth $257,000 after purchasing an additional 468 shares during the period. Atria Wealth Solutions Inc. boosted its stake in PAR Technology by 1.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 77,586 shares of the software maker’s stock worth $3,378,000 after purchasing an additional 1,167 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in PAR Technology by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,699 shares of the software maker’s stock worth $9,392,000 after purchasing an additional 5,143 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.