PAR Technology Corporation (NYSE:PAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of PAR Technology Corporation (NYSE:PAR) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $64.00.

Several research analysts recently issued reports on PAR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of PAR Technology in a research report on Friday, January 9th. The Goldman Sachs Group cut their price objective on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Tuesday, October 14th. Finally, BTIG Research restated a “buy” rating and set a $60.00 price target on shares of PAR Technology in a report on Friday, January 30th.

Insider Buying and Selling

In other PAR Technology news, major shareholder Voss Capital, Lp bought 146,789 shares of PAR Technology stock in a transaction dated Tuesday, December 30th. The stock was bought at an average cost of $36.51 per share, with a total value of $5,359,266.39. Following the completion of the acquisition, the insider directly owned 3,564,652 shares in the company, valued at approximately $130,145,444.52. The trade was a 4.29% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bryan A. Menar sold 6,500 shares of PAR Technology stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total value of $230,945.00. Following the sale, the chief financial officer owned 71,481 shares in the company, valued at $2,539,719.93. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought a total of 196,035 shares of company stock worth $7,103,730 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Institutional Trading of PAR Technology

Several hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in shares of PAR Technology by 66.2% during the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after acquiring an additional 174 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after purchasing an additional 229 shares during the period. FNY Investment Advisers LLC purchased a new position in PAR Technology in the third quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd bought a new position in PAR Technology during the third quarter valued at $28,000. Finally, Manning & Napier Advisors LLC purchased a new stake in PAR Technology in the third quarter worth $36,000.

PAR Technology Stock Up 3.7%

Shares of NYSE PAR opened at $23.59 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.51. The company has a 50-day moving average price of $34.54 and a 200-day moving average price of $41.26. The stock has a market capitalization of $957.68 million, a P/E ratio of -11.03 and a beta of 1.35. PAR Technology has a 1 year low of $22.03 and a 1 year high of $72.60.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, equities research analysts forecast that PAR Technology will post -1.47 EPS for the current fiscal year.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.