PAR Technology Co. (NYSE:PAR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of PAR Technology Co. (NYSE:PAR) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $58.00.

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Friday, August 23rd. Needham & Company LLC boosted their price target on PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Benchmark reissued a “buy” rating and set a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. The Goldman Sachs Group upped their price objective on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a research note on Monday, August 12th.

PAR Technology Stock Up 0.7 %

NYSE:PAR opened at $52.29 on Thursday. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average of $50.69 and a 200-day moving average of $46.34. The firm has a market capitalization of $1.90 billion, a PE ratio of -20.35 and a beta of 2.17. PAR Technology has a 52 week low of $28.21 and a 52 week high of $55.76.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. PAR Technology’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.65) earnings per share. Analysts predict that PAR Technology will post -1.74 EPS for the current year.

Hedge Funds Weigh In On PAR Technology

Large investors have recently made changes to their positions in the business. Capital Research Global Investors grew its position in PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after buying an additional 1,068,641 shares during the last quarter. Progeny 3 Inc. grew its holdings in shares of PAR Technology by 47.1% in the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock worth $54,026,000 after acquiring an additional 381,232 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of PAR Technology during the first quarter worth $10,194,000. Vanguard Group Inc. lifted its holdings in shares of PAR Technology by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after purchasing an additional 173,575 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC boosted its position in shares of PAR Technology by 94.1% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 315,607 shares of the software maker’s stock valued at $13,742,000 after purchasing an additional 152,972 shares during the period.

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.