PAR Technology (NYSE:PAR) Given “Outperform” Rating at William Blair

William Blair reissued their outperform rating on shares of PAR Technology (NYSE:PAR) in a research note issued to investors on Tuesday morning,RTT News reports.

PAR has been the topic of several other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of PAR Technology in a report on Wednesday, October 8th. Benchmark decreased their price objective on PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. The Goldman Sachs Group decreased their price objective on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday. BTIG Research raised PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, August 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.57.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $36.74 on Tuesday. PAR Technology has a 1-year low of $35.02 and a 1-year high of $82.24. The firm has a market capitalization of $1.49 billion, a PE ratio of -16.33 and a beta of 1.65. The business’s 50 day moving average is $45.67 and its 200-day moving average is $57.36. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The firm had revenue of $112.40 million for the quarter, compared to analyst estimates of $111.02 million. During the same period in the previous year, the business posted ($0.23) EPS. PAR Technology’s revenue for the quarter was up 43.8% compared to the same quarter last year. Sell-side analysts predict that PAR Technology will post -1.47 earnings per share for the current year.

Institutional Trading of PAR Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in PAR. Huntington National Bank raised its holdings in shares of PAR Technology by 66.2% in the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after buying an additional 174 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of PAR Technology by 8,616.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker’s stock worth $32,000 after acquiring an additional 517 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of PAR Technology by 68.6% during the second quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after purchasing an additional 229 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker’s stock valued at $43,000 after purchasing an additional 488 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of PAR Technology by 161.7% during the first quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock valued at $48,000 after purchasing an additional 485 shares during 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.