PAR Technology (NYSE:PAR) Upgraded by StockNews.com to Sell Rating

PAR Technology (NYSE:PAR) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research note issued on Thursday.

Other equities research analysts have also issued research reports about the stock. Stephens increased their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, January 3rd. Lake Street Capital upped their price objective on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Craig Hallum lifted their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Down 1.2 %

Shares of PAR stock traded down $0.86 during trading hours on Thursday, reaching $71.15. The company had a trading volume of 557,075 shares, compared to its average volume of 678,412. The business has a fifty day simple moving average of $74.94 and a 200-day simple moving average of $62.07. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -284.57 and a beta of 2.21. 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 (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period last year, the business earned ($0.35) EPS. On average, research analysts expect that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PAR Technology

Large investors have recently modified their holdings of the business. Amalgamated Bank grew its stake in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares in the last quarter. nVerses Capital LLC bought a new position in shares of PAR Technology in the third quarter worth $125,000. KBC Group NV grew its position in shares of PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after purchasing an additional 219 shares during the period. Finally, RiverPark Advisors LLC lifted its holdings in PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after purchasing an additional 865 shares in the last quarter.

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.