PAR Technology (NYSE:PAR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a report published on Thursday morning.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group increased their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Benchmark increased their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Lake Street Capital boosted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Craig Hallum increased their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Stephens boosted their price target on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Stock Down 1.2 %

Shares of PAR Technology stock opened at $71.15 on Thursday. PAR Technology has a one year low of $37.74 and a one year high of $82.24. The company has a market cap of $2.75 billion, a P/E ratio of -284.57 and a beta of 2.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The firm has a fifty day moving average of $74.94 and a two-hundred day moving average of $62.07.

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

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of PAR Technology by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 589,839 shares of the software maker’s stock valued at $27,775,000 after acquiring an additional 9,972 shares in the last quarter. Renaissance Technologies LLC raised its stake in PAR Technology by 252.0% in the 2nd quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker’s stock valued at $4,973,000 after purchasing an additional 75,600 shares during the last quarter. Amalgamated Bank boosted its stake in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the last quarter. Sei Investments Co. grew its holdings in shares of PAR Technology by 34.6% during the second quarter. Sei Investments Co. now owns 29,176 shares of the software maker’s stock worth $1,374,000 after buying an additional 7,498 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of PAR Technology by 109.9% in the second quarter. Squarepoint Ops LLC now owns 111,047 shares of the software maker’s stock valued at $5,229,000 after buying an additional 58,139 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.