PAR Technology Corporation (NYSE:PAR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• PAR Technology has a “Moderate Buy” consensus rating from eight analysts, with five buys, two holds and one sell; the average 12-month price target is $24.61.
• The company’s latest quarterly results exceeded expectations, reporting $0.18 in EPS versus a $0.12 estimate and $133.41 million in revenue, up 18.7% year over year. However, PAR remains unprofitable, with a negative net margin of 14.52%.
• Shares opened at $16.02, well below the 12-month high of $44.17. Director Narinder Singh purchased nearly $200,000 of stock, while several institutional investors also increased their positions.

PAR Technology Corporation (NYSE:PAR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $24.6111.

Several equities analysts have commented on PAR shares. BTIG Research lowered their price objective on PAR Technology from $45.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of PAR Technology from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. UBS Group set a $16.00 price target on shares of PAR Technology in a research note on Tuesday, June 9th. Royal Bank Of Canada set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of PAR Technology from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 27th.

PAR Technology Stock Down 0.6%

Shares of PAR Technology stock opened at $16.02 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. PAR Technology has a 12-month low of $11.59 and a 12-month high of $44.17. The company has a market cap of $662.42 million, a P/E ratio of -9.10 and a beta of 1.33. The company's fifty day simple moving average is $17.73 and its two-hundred day simple moving average is $15.93.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The firm had revenue of $133.41 million during the quarter, compared to analysts' expectations of $124.66 million. During the same period last year, the company posted $0.03 EPS. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Research analysts anticipate that PAR Technology will post -0.13 EPS for the current year.

Insider Activity at PAR Technology

In related news, Director Narinder Singh purchased 11,518 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the purchase, the director directly owned 38,527 shares of the company's stock, valued at approximately $668,828.72. This represents a 42.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAR. Reinhart Partners LLC. grew its position in PAR Technology by 45.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker's stock valued at $47,522,000 after purchasing an additional 410,183 shares during the last quarter. Rock Creek Group LP raised its holdings in PAR Technology by 316.7% in the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the software maker's stock worth $9,070,000 after buying an additional 190,000 shares during the last quarter. Progeny 3 Inc. raised its holdings in PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker's stock worth $28,937,000 after buying an additional 114,500 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of PAR Technology by 62.2% in the first quarter. Stephens Investment Management Group LLC now owns 458,621 shares of the software maker's stock worth $6,113,000 after buying an additional 175,831 shares in the last quarter. Finally, Visionary Wealth Advisors purchased a new stake in shares of PAR Technology during the second quarter valued at approximately $6,844,000.

PAR Technology Company Profile

PAR Technology Corporation provides technology solutions for restaurants and other foodservice businesses. Its products are designed to support front-of-house and back-of-house operations, including point-of-sale transactions, payment processing, customer engagement, loyalty programs, workforce management, inventory management and restaurant analytics.

The company's platform includes Brink POS, a cloud-based point-of-sale system for restaurant operators, as well as PAR Pay payment solutions and customer engagement technology associated with Punchh.

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