PAR Technology Corporation (NYSE:PAR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $64.00.

Several brokerages recently issued reports on PAR. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research report on Monday. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. The Goldman Sachs Group lowered their price objective on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Benchmark dropped their price objective on shares of PAR Technology from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of PAR Technology in a report on Thursday, November 13th.

Insider Buying and Selling at PAR Technology

In related news, CFO Bryan A. Menar sold 6,500 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the transaction, the chief financial officer directly owned 71,481 shares in the company, valued at approximately $2,539,719.93. This trade represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PAR Technology

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of PAR Technology by 0.5% in the third quarter. Vanguard Group Inc. now owns 3,291,802 shares of the software maker’s stock valued at $130,290,000 after purchasing an additional 15,131 shares during the last quarter. Capital Research Global Investors grew its position in PAR Technology by 17.3% in the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after purchasing an additional 476,839 shares in the last quarter. Invesco Ltd. increased its stake in PAR Technology by 24.1% in the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock valued at $130,224,000 after buying an additional 364,892 shares during the last quarter. Bamco Inc. NY lifted its position in PAR Technology by 8.5% during the 2nd quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock worth $121,494,000 after buying an additional 137,434 shares in the last quarter. Finally, Progeny 3 Inc. boosted its stake in shares of PAR Technology by 16.9% during the 3rd quarter. Progeny 3 Inc. now owns 1,732,318 shares of the software maker’s stock worth $68,565,000 after buying an additional 249,923 shares during the last quarter.

PAR Technology Price Performance

PAR opened at $35.63 on Wednesday. The stock has a market cap of $1.45 billion, a P/E ratio of -16.65 and a beta of 1.38. PAR Technology has a 12 month low of $31.65 and a 12 month high of $81.51. The company has a quick ratio of 1.51, a current ratio of 1.70 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $35.68 and a 200 day simple moving average of $49.30.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The business had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, research analysts expect that PAR Technology will post -1.47 EPS 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.