PAR Technology (NYSE:PAR) Sets New 1-Year High at $50.00

Shares of PAR Technology Co. (NYSE:PAR) hit a new 52-week high during trading on Thursday . The stock traded as high as $50.00 and last traded at $48.41, with a volume of 23880 shares trading hands. The stock had previously closed at $49.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PAR shares. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Thursday, March 7th. Benchmark upgraded PAR Technology from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, March 12th. TheStreet upgraded PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. Finally, William Blair restated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and an average target price of $49.88.

PAR Technology Stock Down 2.0 %

The firm has a fifty day moving average of $43.27 and a 200-day moving average of $42.59. The company has a current ratio of 2.07, a quick ratio of 1.81 and a debt-to-equity ratio of 0.72.

PAR Technology (NYSE:PAR) last released its earnings results on Tuesday, February 27th. The software maker reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.05). PAR Technology had a negative net margin of 17.14% and a negative return on equity of 14.53%. The business had revenue of $107.71 million during the quarter, compared to analyst estimates of $106.12 million. As a group, research analysts predict that PAR Technology Co. will post -1.15 earnings per share for the current year.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of PAR Technology stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares of the company’s stock, valued at approximately $2,390,977.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the chief financial officer now owns 54,601 shares of the company’s stock, valued at $2,390,977.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology 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 directly owns 14,365 shares of the company’s stock, valued at approximately $603,904.60. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On PAR Technology

Several large investors have recently modified their holdings of the stock. NBC Securities Inc. bought a new stake in shares of PAR Technology in the 1st quarter valued at $76,000. Central Pacific Bank Trust Division acquired a new stake in PAR Technology during the first quarter worth approximately $78,000. LRI Investments LLC acquired a new stake in PAR Technology during the first quarter worth approximately $99,000. ProShare Advisors LLC acquired a new stake in PAR Technology during the first quarter worth approximately $222,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of PAR Technology during the first quarter worth approximately $242,000.

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.