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

PAR Technology (NYSE:PAR) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued on Friday.

A number of other brokerages have also recently issued reports on PAR. Stephens assumed coverage on shares of PAR Technology in a report on Tuesday, October 17th. They issued an “equal weight” rating and a $43.00 target price on the stock. Craig Hallum upped their price target on shares of PAR Technology from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, August 21st. Lake Street Capital upped their price target on shares of PAR Technology from $39.00 to $45.00 in a research note on Friday, October 6th. Needham & Company LLC upped their price target on shares of PAR Technology from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Jefferies Financial Group upped their price target on shares of PAR Technology from $35.00 to $45.00 in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, PAR Technology currently has an average rating of “Hold” and a consensus price target of $45.50.

PAR Technology Stock Up 9.3 %

Shares of PAR stock opened at $34.53 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.99 and a current ratio of 2.31. The firm’s 50-day moving average is $37.59 and its 200-day moving average is $35.86. The stock has a market cap of $947.68 million, a price-to-earnings ratio of -14.63 and a beta of 1.80. PAR Technology has a 52-week low of $21.26 and a 52-week high of $46.63.

PAR Technology (NYSE:PAR) last issued its earnings results on Wednesday, August 9th. The software maker reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.22). The firm had revenue of $100.54 million during the quarter, compared to the consensus estimate of $101.16 million. PAR Technology had a negative net margin of 15.92% and a negative return on equity of 14.88%. Sell-side analysts predict that PAR Technology will post -2.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAR. MFN Partners Management LP grew its position in shares of PAR Technology by 991.4% during the 1st quarter. MFN Partners Management LP now owns 1,091,404 shares of the software maker’s stock worth $44,027,000 after purchasing an additional 991,404 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of PAR Technology during the 2nd quarter worth approximately $13,565,000. Gamco Investors INC. ET AL acquired a new stake in shares of PAR Technology during the 1st quarter worth approximately $10,649,000. The Manufacturers Life Insurance Company boosted its position in shares of PAR Technology by 28.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,438 shares of the software maker’s stock worth $41,205,000 after acquiring an additional 228,880 shares in the last quarter. Finally, Norwood Investment Partners LP boosted its position in shares of PAR Technology by 290.2% during the 4th quarter. Norwood Investment Partners LP now owns 230,724 shares of the software maker’s stock worth $6,015,000 after acquiring an additional 171,587 shares in the last quarter.

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.