PAR Technology (NYSE:PAR) Coverage Initiated by Analysts at Stephens

Stock analysts at Stephens started coverage on shares of PAR Technology (NYSE:PAR) in a research note issued to investors on Friday, Benzinga reports. The firm set an “equal weight” rating and a $25.00 price target on the software maker’s stock. Stephens‘s price objective would suggest a potential upside of 15.30% from the company’s previous close.

Several other research firms have also weighed in on PAR. BTIG Research lowered their price objective on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Weiss Ratings raised shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Needham & Company LLC increased their target price on shares of PAR Technology from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of PAR Technology from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PAR Technology currently has a consensus rating of “Hold” and a consensus price target of $23.06.

PAR Technology Price Performance

Shares of PAR stock opened at $21.68 on Friday. The stock has a 50 day simple moving average of $16.99 and a two-hundred day simple moving average of $16.85. The company has a current ratio of 2.07, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. PAR Technology has a fifty-two week low of $11.59 and a fifty-two week high of $40.54.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, November 5th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $137.11 million for the quarter, compared to analysts’ expectations of $129.79 million. PAR Technology had a negative return on equity of 0.69% and a negative net margin of 12.24%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. As a group, analysts forecast that PAR Technology will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAR. Bamco Inc. NY acquired a new stake in PAR Technology in the second quarter valued at approximately $38,000. State of Wyoming bought a new stake in shares of PAR Technology during the second quarter valued at approximately $43,000. Bessemer Group Inc. acquired a new position in shares of PAR Technology during the third quarter worth approximately $69,000. Versant Capital Management Inc raised its position in shares of PAR Technology by 325.5% during the second quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock worth $89,000 after purchasing an additional 3,909 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in shares of PAR Technology in the 3rd quarter worth $71,000.

PAR Technology Company Profile

PAR Technology Corporation provides technology products and services for restaurants and other foodservice businesses. Its offerings include point-of-sale systems, cloud-based software, payment solutions, digital ordering tools, and guest-engagement and loyalty programs designed to help businesses manage operations and customer interactions. The company’s portfolio includes Brink POS, a cloud-based point-of-sale platform, and Punchh, a guest engagement and loyalty platform. PAR also provides hardware and technology services, serving restaurant operators in the United States and international markets.