PAR Technology Corporation (NYSE:PAR) Receives $25.78 Average PT from Brokerages

Shares of PAR Technology Corporation (NYSE:PAR) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.7778.

PAR has been the topic of several recent analyst reports. Benchmark lowered their price target on PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a research report on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. The Goldman Sachs Group dropped their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a report on Saturday, May 9th.

PAR Technology Stock Performance

PAR Technology stock opened at $15.42 on Wednesday. PAR Technology has a 1-year low of $11.59 and a 1-year high of $72.15. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $636.16 million, a PE ratio of -8.25 and a beta of 1.35. The firm’s 50 day simple moving average is $14.19 and its 200 day simple moving average is $22.35.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The firm had revenue of $123.97 million during the quarter, compared to analyst estimates of $116.88 million. During the same period in the previous year, the business earned ($0.01) EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts expect that PAR Technology will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at PAR Technology

In other news, insider Cathy A. King sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the transaction, the insider directly owned 122,919 shares in the company, valued at approximately $1,890,494.22. This represents a 13.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp acquired 594,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $14.59 per share, for a total transaction of $8,679,591.00. Following the completion of the acquisition, the insider owned 4,675,000 shares in the company, valued at $68,208,250. This represents a 14.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 1,069,900 shares of company stock valued at $15,568,965 over the last quarter. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Capital Research Global Investors boosted its position in PAR Technology by 17.3% during the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after buying an additional 476,839 shares during the period. Long Focus Capital Management LLC increased its holdings in shares of PAR Technology by 4,210.9% in the third quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after buying an additional 857,218 shares during the period. Rovida Advisors Inc. increased its stake in PAR Technology by 50.6% in the 3rd quarter. Rovida Advisors Inc. now owns 750,000 shares of the software maker’s stock worth $29,678,000 after purchasing an additional 252,156 shares during the period. SG Americas Securities LLC bought a new stake in PAR Technology during the 4th quarter valued at $27,274,000. Finally, CenterBook Partners LP raised its stake in shares of PAR Technology by 407.6% during the third quarter. CenterBook Partners LP now owns 114,481 shares of the software maker’s stock valued at $4,531,000 after acquiring an additional 91,929 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.