PAR Technology (NYSE:PAR) Hits New 1-Year High – Should You Buy?

Shares of PAR Technology Co. (NYSE:PAR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.25 and last traded at $78.79, with a volume of 13135 shares. The stock had previously closed at $78.33.

Analyst Ratings Changes

PAR has been the subject of a number of recent analyst reports. Benchmark raised their price objective on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. 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 research note on Monday, November 11th. Stephens boosted their price target on PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Craig Hallum upped their price objective 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, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.38.

PAR Technology Price Performance

The stock has a fifty day moving average of $61.72 and a 200 day moving average of $53.47. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -313.32 and a beta of 2.14. 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 (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.35) EPS. On average, analysts expect that PAR Technology Co. will post -1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Several hedge funds have recently added to or reduced their stakes in PAR. Castleark Management LLC lifted its holdings in shares of PAR Technology by 59.7% in the 1st quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock valued at $3,600,000 after buying an additional 29,680 shares during the period. Magnolia Capital Advisors LLC acquired a new position in PAR Technology in the second quarter valued at approximately $3,881,000. Harbor Capital Advisors Inc. boosted its position in PAR Technology by 219.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock worth $1,939,000 after purchasing an additional 28,273 shares in the last quarter. Resolute Capital Asset Partners LLC grew its stake in shares of PAR Technology by 33.3% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after purchasing an additional 15,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of PAR Technology by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after purchasing an additional 50,793 shares in 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.