PAR Technology (NYSE:PAR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

PAR Technology Co. (NYSE:PAR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $60.48 and traded as high as $68.01. PAR Technology shares last traded at $67.80, with a volume of 526,600 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stephens increased their price target on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Craig Hallum lifted their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, January 3rd. Lake Street Capital lifted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group raised their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Price Performance

The company has a market cap of $2.63 billion, a PE ratio of -271.19 and a beta of 2.21. The stock has a fifty day moving average price of $74.40 and a 200-day moving average price of $60.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company posted ($0.35) EPS. On average, equities analysts expect that PAR Technology Co. will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in shares of PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of PAR Technology during the 3rd quarter valued at about $125,000. Principal Financial Group Inc. bought a new stake in shares of PAR Technology in the 2nd quarter valued at approximately $211,000. Victory Capital Management Inc. increased its holdings in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the last quarter. Finally, RiverPark Advisors LLC raised its position in PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after acquiring an additional 865 shares in the last quarter.

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.