PAR Technology Co. (NYSE:PAR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PAR Technology Co. (NYSE:PAR) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $81.86.

PAR has been the subject of several research analyst reports. Citigroup restated a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group upped their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Stephens restated an “overweight” rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th.

PAR Technology Stock Performance

PAR Technology stock opened at $61.85 on Monday. The firm has a market capitalization of $2.49 billion, a P/E ratio of -247.39 and a beta of 2.20. The stock has a fifty day moving average price of $67.29 and a 200 day moving average price of $66.54. PAR Technology has a 52 week low of $37.74 and a 52 week high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The business had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share. Equities research analysts anticipate that PAR Technology will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted 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 valued at $236,000 after purchasing an additional 219 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in PAR Technology in the third quarter valued at about $308,000. RiverPark Advisors LLC boosted its holdings in PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after purchasing an additional 865 shares during the last quarter. Intech Investment Management LLC purchased a new position in PAR Technology in the third quarter valued at about $598,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in PAR Technology by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after purchasing an additional 20,811 shares during 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.