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

Shares of PAR Technology Corporation (NYSE:PAR) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.00.

A number of analysts have weighed in on PAR shares. Needham & Company LLC cut their target price on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. The Goldman Sachs Group lowered their price target on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. BTIG Research cut their price objective on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Finally, Stephens dropped their target price on PAR Technology from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 27th.

PAR Technology Stock Down 2.0%

Shares of NYSE PAR opened at $18.84 on Monday. The company has a market cap of $775.27 million, a price-to-earnings ratio of -9.06 and a beta of 1.36. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. PAR Technology has a 12 month low of $15.44 and a 12 month high of $72.15. The stock has a 50-day moving average price of $27.76 and a two-hundred day moving average price of $35.19.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.16. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $116.39 million. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. PAR Technology’s revenue was up 14.4% on a year-over-year basis. As a group, analysts forecast that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at PAR Technology

In other news, CFO Bryan A. Menar sold 1,636 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total transaction of $29,889.72. Following the completion of the transaction, the chief financial officer owned 63,257 shares of the company’s stock, valued at approximately $1,155,705.39. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cathy A. King sold 1,517 shares of PAR Technology stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.27, for a total transaction of $27,715.59. Following the transaction, the insider owned 56,626 shares in the company, valued at approximately $1,034,557.02. This trade represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 722,237 shares of company stock worth $21,772,998 and sold 97,189 shares worth $1,831,171. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its holdings in PAR Technology by 3.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker’s stock worth $214,650,000 after buying an additional 201,782 shares during the period. Vanguard Group Inc. increased its stake in shares of PAR Technology by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker’s stock valued at $119,871,000 after buying an additional 12,250 shares during the period. Capital Research Global Investors raised its position in shares of PAR Technology by 17.3% during the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after acquiring an additional 476,839 shares during the last quarter. Progeny 3 Inc. lifted its stake in shares of PAR Technology by 18.7% in the fourth quarter. Progeny 3 Inc. now owns 2,056,308 shares of the software maker’s stock worth $74,603,000 after acquiring an additional 323,990 shares during the period. Finally, Invesco Ltd. boosted its holdings in PAR Technology by 24.1% in the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock valued at $130,224,000 after acquiring an additional 364,892 shares during the last quarter.

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.