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

Shares of PAR Technology Co. (NYSE:PAR) have received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.75.

A number of analysts have issued reports on the company. Needham & Company LLC lifted their price target on PAR Technology from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Stephens upgraded PAR Technology from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $60.00 in a research note on Thursday, June 13th. Finally, Benchmark increased their price target on shares of PAR Technology from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in PAR Technology in the first quarter valued at $76,000. Central Pacific Bank Trust Division purchased a new position in shares of PAR Technology during the first quarter worth about $78,000. LRI Investments LLC acquired a new position in PAR Technology in the 1st quarter valued at about $99,000. ProShare Advisors LLC purchased a new stake in PAR Technology during the 1st quarter valued at approximately $222,000. Finally, Janney Montgomery Scott LLC acquired a new stake in PAR Technology during the 1st quarter worth approximately $242,000.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $49.17 on Wednesday. The business has a 50-day simple moving average of $45.45 and a 200-day simple moving average of $44.40. The company has a market cap of $1.67 billion, a PE ratio of -19.13 and a beta of 2.18. PAR Technology has a one year low of $28.21 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.81 and a current ratio of 2.07.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $111.00 million. PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. On average, equities research analysts forecast that PAR Technology will post -1.17 EPS for the current fiscal year.

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.