PAR Technology (NYSE:PAR) Shares Gap Up to $31.60

Shares of PAR Technology Co. (NYSE:PAR) gapped up prior to trading on Friday . The stock had previously closed at $31.60, but opened at $33.58. PAR Technology shares last traded at $33.92, with a volume of 68,246 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAR. Stephens began coverage on PAR Technology in a research note on Tuesday, October 17th. They issued an “equal weight” rating and a $43.00 price target for the company. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Friday. Lake Street Capital upped their price objective on PAR Technology from $39.00 to $45.00 in a research report on Friday, October 6th. The Goldman Sachs Group upped their price objective on PAR Technology from $35.00 to $43.00 in a research report on Thursday, October 5th. Finally, Craig Hallum upped their price objective on PAR Technology from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.50.

PAR Technology Stock Up 9.3 %

The company has a fifty day simple moving average of $37.59 and a 200-day simple moving average of $35.86. The company has a quick ratio of 1.99, a current ratio of 2.31 and a debt-to-equity ratio of 1.10. The firm has a market cap of $947.68 million, a P/E ratio of -14.63 and a beta of 1.80.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.22). PAR Technology had a negative net margin of 15.92% and a negative return on equity of 14.88%. The company had revenue of $100.54 million for the quarter, compared to the consensus estimate of $101.16 million. On average, equities analysts anticipate that PAR Technology Co. will post -2.05 earnings per share for the current year.

Institutional Trading of PAR Technology

Hedge funds have recently bought and sold shares of the stock. G2 Investment Partners Management LLC bought a new position in shares of PAR Technology in the first quarter worth about $1,588,000. Mesirow Financial Investment Management Inc. bought a new position in shares of PAR Technology in the second quarter worth about $229,000. Harbor Capital Advisors Inc. bought a new position in shares of PAR Technology in the second quarter worth about $80,000. US Bancorp DE boosted its stake in shares of PAR Technology by 387.9% in the first quarter. US Bancorp DE now owns 2,464 shares of the software maker’s stock worth $84,000 after acquiring an additional 1,959 shares during the period. Finally, Barclays PLC boosted its stake in shares of PAR Technology by 88.4% in the first quarter. Barclays PLC now owns 13,415 shares of the software maker’s stock worth $455,000 after acquiring an additional 6,296 shares during the period.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers Punchh, an enterprise-grade customer loyalty and engagement solution; MENU, an omnichannel digital ordering solution; Brink POS, an open cloud, point-of-sale solution; Menu, a digital ordering solution; PAR Payment Services, a transaction-based payment processing service; and Data Central, a cloud software solution for back-office applications.