PAR Technology Corporation (NYSE:PAR) Receives $64.00 Average PT from Brokerages

PAR Technology Corporation (NYSE:PAR) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $64.00.

A number of equities analysts have commented on PAR shares. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of PAR Technology in a research note on Friday, January 9th. BTIG Research reaffirmed a “buy” rating and set a $60.00 price target on shares of PAR Technology in a research report on Friday, January 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th.

PAR Technology Price Performance

Shares of NYSE:PAR traded down $1.18 during trading hours on Thursday, hitting $20.51. 260,119 shares of the company’s stock traded hands, compared to its average volume of 1,239,881. PAR Technology has a 52 week low of $20.78 and a 52 week high of $72.15. The company has a market cap of $832.30 million, a price-to-earnings ratio of -9.59 and a beta of 1.35. The company’s fifty day simple moving average is $33.33 and its two-hundred day simple moving average is $39.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70.

Insider Transactions at PAR Technology

In related news, CFO Bryan A. Menar sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total value of $230,945.00. Following the completion of the transaction, the chief financial officer owned 71,481 shares in the company, valued at $2,539,719.93. This trade represents a 8.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Voss Capital, Lp bought 25,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were purchased at an average cost of $34.56 per share, with a total value of $864,000.00. Following the transaction, the insider directly owned 3,613,898 shares in the company, valued at approximately $124,896,314.88. This trade represents a 0.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 196,035 shares of company stock worth $7,103,730 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank lifted its position in shares of PAR Technology by 66.2% in the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after purchasing an additional 174 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of PAR Technology by 68.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock valued at $39,000 after purchasing an additional 229 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in PAR Technology by 9.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,095 shares of the software maker’s stock worth $353,000 after purchasing an additional 437 shares in the last quarter. ProShare Advisors LLC raised its position in PAR Technology by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 7,330 shares of the software maker’s stock worth $266,000 after acquiring an additional 471 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of PAR Technology by 3.3% during the second quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock valued at $1,153,000 after acquiring an additional 548 shares during the last quarter.

About PAR Technology

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.