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

PAR Technology Co. (NYSE:PAR) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $48.57.

PAR has been the subject of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research note on Tuesday, March 12th. TheStreet raised shares of PAR Technology from a “d+” rating to a “c-” rating in a report on Thursday, February 15th. Benchmark began coverage on shares of PAR Technology in a report on Tuesday, February 13th. They issued a “hold” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $53.00 target price on shares of PAR Technology in a report on Thursday, March 28th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, March 7th.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 4,500 shares of the company’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 transaction, the director now directly 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 accessible through the SEC website. In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at $2,390,977.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total value of $189,180.00. Following the transaction, the director now owns 14,365 shares of the company’s stock, valued at $603,904.60. The disclosure for this sale can be found here. Company insiders own 3.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in PAR Technology in the 3rd quarter valued at approximately $353,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of PAR Technology by 5.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,525 shares of the software maker’s stock valued at $752,000 after purchasing an additional 1,050 shares in the last quarter. Inspire Advisors LLC acquired a new stake in PAR Technology during the third quarter worth $512,000. TD Asset Management Inc increased its holdings in PAR Technology by 7.9% in the 3rd quarter. TD Asset Management Inc now owns 111,524 shares of the software maker’s stock valued at $4,298,000 after buying an additional 8,200 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of PAR Technology by 1.3% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the software maker’s stock worth $2,324,000 after acquiring an additional 800 shares during the period.

PAR Technology Stock Down 0.8 %

Shares of PAR Technology stock opened at $41.65 on Friday. PAR Technology has a twelve month low of $24.76 and a twelve month high of $49.84. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -16.46 and a beta of 1.98. The company has a current ratio of 2.25, a quick ratio of 1.96 and a debt-to-equity ratio of 1.13. The business’s 50 day simple moving average is $43.31 and its 200-day simple moving average is $41.19.

PAR Technology (NYSE:PAR) last issued 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 for the quarter, compared to analyst estimates of $106.12 million. PAR Technology had a negative return on equity of 16.46% and a negative net margin of 16.77%. Equities research analysts forecast that PAR Technology will post -1.15 earnings per share for the current year.

PAR Technology Company Profile

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.