PAR Technology (NYSE:PAR) Upgraded at StockNews.com

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research note issued to investors on Monday morning.

Other equities research analysts have also recently issued reports about the stock. Benchmark reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. The Goldman Sachs Group boosted their target price on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Lake Street Capital increased their price target on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Price Performance

Shares of NYSE PAR opened at $64.43 on Monday. The company has a market cap of $2.49 billion, a PE ratio of -257.69 and a beta of 2.22. The stock has a fifty day moving average price of $69.77 and a 200 day moving average price of $65.82. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. PAR Technology has a 1-year low of $37.74 and a 1-year high of $82.24.

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

Institutional Trading of PAR Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in PAR. Creative Planning acquired a new stake in PAR Technology during the third quarter valued at approximately $316,000. Harbor Capital Advisors Inc. lifted its holdings in PAR Technology by 106.0% in the third quarter. Harbor Capital Advisors Inc. now owns 84,815 shares of the software maker’s stock worth $4,417,000 after purchasing an additional 43,633 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of PAR Technology in the third quarter valued at approximately $14,398,000. Lisanti Capital Growth LLC acquired a new position in shares of PAR Technology during the 3rd quarter valued at $3,520,000. Finally, Victory Capital Management Inc. grew its holdings in PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 shares during the period.

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.