PAR Technology (NYSE:PAR) Stock Passes Above 200 Day Moving Average of $41.16

PAR Technology Co. (NYSE:PAR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $41.16 and traded as high as $41.69. PAR Technology shares last traded at $41.10, with a volume of 188,711 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Benchmark started coverage on shares of PAR Technology in a research report on Tuesday, February 13th. They set a “hold” rating on the stock. William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Tuesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $53.00 target price on shares of PAR Technology in a research note on Thursday, March 28th. TheStreet upgraded shares of PAR Technology from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. Finally, Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.57.

PAR Technology Trading Up 2.5 %

The firm’s 50 day moving average price is $43.65 and its 200-day moving average price is $41.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.25 and a quick ratio of 1.96. The stock has a market cap of $1.39 billion, a P/E ratio of -16.25 and a beta of 1.98.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.05). The business had revenue of $107.71 million during the quarter, compared to the consensus estimate of $106.12 million. PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. As a group, equities research analysts forecast that PAR Technology Co. will post -1.15 earnings per share for the current year.

Insider Activity at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 4,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $42.04, for a total value of $189,180.00. Following the completion of the transaction, the director now owns 14,365 shares of the company’s stock, valued at approximately $603,904.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Bryan A. Menar sold 803 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total value of $35,163.37. Following the transaction, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total value of $189,180.00. Following the sale, the director now owns 14,365 shares of the company’s stock, valued at approximately $603,904.60. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of PAR Technology in the first quarter worth approximately $76,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PAR Technology by 8.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock worth $257,000 after acquiring an additional 468 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of PAR Technology during the 3rd quarter valued at $264,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of PAR Technology in the 4th quarter worth $381,000. Finally, SG Americas Securities LLC bought a new position in PAR Technology in the 3rd quarter worth $353,000.

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.