StockNews.com Upgrades PAR Technology (NYSE:PAR) to Sell

PAR Technology (NYSE:PAR) was upgraded by research analysts at StockNews.com to a “sell” rating in a report issued on Wednesday.

Other analysts have also recently issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. Stephens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. Finally, Needham & Company LLC increased their price objective on shares of PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.00.

PAR Technology Stock Performance

Shares of PAR opened at $57.16 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.07 billion, a P/E ratio of -22.24 and a beta of 2.17. The firm’s fifty day simple moving average is $52.60 and its two-hundred day simple moving average is $47.07. PAR Technology has a 12 month low of $28.21 and a 12 month high of $58.57.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $78.20 million for the quarter, compared to the consensus estimate of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted ($0.65) EPS. As a group, analysts predict that PAR Technology will post -1.67 EPS for the current year.

Hedge Funds Weigh In On PAR Technology

Several large investors have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its position in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in PAR Technology by 8.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after acquiring an additional 610 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in PAR Technology in the 2nd quarter valued at about $32,000. Price T Rowe Associates Inc. MD increased its stake in PAR Technology by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock valued at $348,000 after buying an additional 954 shares during the last quarter. Finally, Swiss National Bank increased its stake in PAR Technology by 2.2% in the 1st quarter. Swiss National Bank now owns 55,300 shares of the software maker’s stock valued at $2,508,000 after buying an additional 1,200 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.