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

Shares of PAR Technology Co. (NYSE:PAR) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $64.17.

A number of brokerages recently commented on PAR. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Needham & Company LLC increased their price target on shares of PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. Stephens increased their target price on PAR Technology from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Benchmark reissued a “buy” rating and issued a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $59.72 on Friday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -238.88 and a beta of 2.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The business’s 50 day simple moving average is $55.14 and its 200-day simple moving average is $49.35. PAR Technology has a 12 month low of $28.21 and a 12 month high of $62.38.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. During the same quarter in the previous year, the firm posted ($0.65) earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities analysts forecast that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Institutional Trading of PAR Technology

A number of institutional investors have recently added to or reduced their stakes in PAR. Capital Research Global Investors boosted its holdings in PAR Technology by 43.4% in the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after acquiring an additional 1,068,641 shares during the period. Progeny 3 Inc. boosted its stake in shares of PAR Technology by 47.1% in the first quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after purchasing an additional 381,232 shares during the period. Wasatch Advisors LP acquired a new stake in PAR Technology during the 1st quarter valued at $10,194,000. Vanguard Group Inc. increased its stake in PAR Technology by 9.0% during the 4th quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock worth $91,808,000 after buying an additional 173,575 shares during the period. Finally, Hodges Capital Management Inc. acquired a new position in PAR Technology in the 1st quarter worth $4,354,000.

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.