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

PAR Technology Co. (NYSE:PAR) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $81.86.

PAR has been the topic of several analyst reports. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th.

PAR Technology Price Performance

Shares of NYSE PAR opened at $58.54 on Monday. The business has a fifty day moving average price of $68.13 and a two-hundred day moving average price of $66.26. The stock has a market capitalization of $2.35 billion, a PE ratio of -234.17 and a beta of 2.19. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology has a fifty-two week low of $37.74 and a fifty-two week high of $82.24.

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

Institutional Trading of PAR Technology

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in PAR Technology during the 4th quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of PAR Technology during the fourth quarter worth $29,000. Signaturefd LLC grew its stake in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after purchasing an additional 279 shares during the last quarter. US Bancorp DE increased its holdings in PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock valued at $49,000 after purchasing an additional 341 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new position in PAR Technology during the 4th quarter worth $113,000.

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.