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

PAR Technology Co. (NYSE:PAR) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, 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 12-month price target among analysts that have issued a report on the stock in the last year is $79.25.

A number of research firms have recently issued reports on PAR. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday. The Goldman Sachs Group increased their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital boosted 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. Benchmark upped their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum lifted 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.

Institutional Investors Weigh In On PAR Technology

Several institutional investors have recently added to or reduced their stakes in the business. Progeny 3 Inc. raised its stake in PAR Technology by 10.9% in the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock worth $62,199,000 after acquiring an additional 129,810 shares during the last quarter. Royce & Associates LP raised its stake in shares of PAR Technology by 2.6% in the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after purchasing an additional 30,000 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of PAR Technology by 15.2% during the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after purchasing an additional 154,921 shares during the period. Reinhart Partners LLC. boosted its position in PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock valued at $49,308,000 after buying an additional 57,049 shares during the last quarter. Finally, State Street Corp boosted its position in PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after buying an additional 10,582 shares during the last quarter.

PAR Technology Stock Performance

PAR stock opened at $74.08 on Wednesday. PAR Technology has a twelve month low of $37.74 and a twelve month high of $82.24. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -296.31 and a beta of 2.21. The business’s fifty day simple moving average is $73.47 and its two-hundred day simple moving average is $59.70. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.35) EPS. Analysts predict that PAR Technology will post -1.47 earnings per share for the current year.

About PAR Technology

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.