PAR Technology Co. (NYSE:PAR) Given Average Rating of “Moderate Buy” by Analysts

Shares of PAR Technology Co. (NYSE:PAR) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $79.25.

Several research firms have recently commented on PAR. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Craig Hallum upped their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark raised their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Stephens upped their target price on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of PAR Technology by 25.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,186 shares of the software maker’s stock worth $6,118,000 after buying an additional 17,292 shares in the last quarter. Woodline Partners LP bought a new stake in PAR Technology in the 4th quarter worth approximately $297,000. Visionary Wealth Advisors raised its holdings in shares of PAR Technology by 12.9% during the 4th quarter. Visionary Wealth Advisors now owns 378,896 shares of the software maker’s stock worth $27,534,000 after acquiring an additional 43,399 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of PAR Technology by 359.1% during the 4th quarter. Two Sigma Investments LP now owns 17,905 shares of the software maker’s stock valued at $1,301,000 after acquiring an additional 14,005 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of PAR Technology in the fourth quarter valued at $207,000.

PAR Technology Price Performance

Shares of PAR Technology stock opened at $66.55 on Thursday. The stock has a market cap of $2.58 billion, a P/E ratio of -266.19 and a beta of 2.22. 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 stock’s fifty day moving average is $72.22 and its 200 day moving average is $64.83. PAR Technology has a one year low of $37.74 and a one year high of $82.24.

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.